818 research outputs found

    Individual-level loss aversion in riskless and risky choices

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    Loss aversion can occur in riskless and risky choices. Yet, there is no evidence whether people who are loss averse in riskless choices are also loss averse in risky choices. We measure individual-level loss aversion in riskless choices in an endowment effect experiment by eliciting both WTA and WTP from each of our 360 subjects (randomly selected customers of a car manufacturer). All subjects also participate in a simple lottery choice task which arguably measures loss aversion in risky choices. We find substantial heterogeneity in both measures of loss aversion. Loss aversion in the riskless choice task and loss aversion in the risky choice task are highly significantly and strongly positively correlated. We find that in both choice tasks loss aversion increases in age, income, and wealth, and decreases in education.Loss aversion, endowment effect, field experiments

    Behavior of confined granular beds under cyclic thermal loading

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    We investigate the mechanical behavior of a confined granular packing of irregular polyhedral particles under repeated heating and cooling cycles by means of numerical simulations with the Non-Smooth Contact Dynamics method. Assuming a homogeneous temperature distribution as well as constant temperature rate, we study the effect of the container shape, and coefficients of thermal expansions on the pressure buildup at the confining walls and the density evolution. We observe that small changes in the opening angle of the confinement can lead to a drastic peak pressure reduction. Furthermore, the displacement fields over several thermal cycles are obtained and we discover the formation of convection cells inside the granular material having the shape of a torus. The root mean square of the vorticity is then calculated from the displacement fields and a quadratic dependency on the ratio of thermal expansion coefficients is established

    Spreading of correlations in the Falicov-Kimball model

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    We study dynamical properties of the one- and two-dimensional Falicov-Kimball model using lattice Monte Carlo simulations. In particular, we calculate the spreading of charge correlations in the equilibrium model and after an interaction quench. The results show a reduction of the light-cone velocity with interaction strength at low temperature, while the phase velocity increases. At higher temperature, the initial spreading is determined by the Fermi velocity of the noninteracting system and the maximum range of the correlations decreases with increasing interaction strength. Charge order correlations in the disorder potential enhance the range of the correlations. We also use the numerically exact lattice Monte Carlo results to benchmark the accuracy of equilibrium and nonequilibrium dynamical cluster approximation calculations. It is shown that the bias introduced by the mapping to a periodized cluster is substantial, and that from a numerical point of view, it is more efficient to simulate the lattice model directly

    Nonequilibrium dynamical cluster approximation study of the Falicov-Kimball model

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    We use a nonequilibrium implementation of the dynamical cluster approximation (DCA) to study the effect of short-range correlations on the dynamics of the two-dimensional Falicov-Kimball model after an interaction quench. As in the case of single-site dynamical mean-field theory, thermalization is absent in DCA simulations, and for quenches across the metal-insulator boundary, nearest-neighbor charge correlations in the nonthermal steady state are found to be larger than in the thermal state with identical energy. We investigate to what extent it is possible to define an effective temperature of the trapped state after a quench. Based on the ratio between the lesser and retarded Green's function, we conclude that a roughly thermal distribution is reached within the energy intervals corresponding to the momentum-patch dependent subbands of the spectral function. The effectively different chemical potentials of these distributions, however, lead to a very hot, or even negative, effective temperature in the energy intervals between these subbands

    Tunable Hydrophobicity in DNA Micelles:Design, Synthesis, and Characterization of a New Family of DNA Amphiphiles

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    This work describes the synthesis and characterization of a new family of DNA amphiphiles containing modified nucleobases. The hydrophobicity was imparted by the introduction of a dodec-1-yne chain at the 5-position of the uracil base, which allowed precise and simple tuning of the hydrophobic properties through solid-phase DNA synthesis. The micelles formed from these modified DNA sequences were characterized by atomic force microscopy, dynamic light scattering, and polyacrylamide gel electrophoresis. These experiments revealed the role of the quantity and location of the hydrophobic units in determining the morphology and stability of the micelles. The effects of hybridization on the physical characteristics of the DNA micelles were also studied; these results showed potential for the sequence-specific noncovalent functionalization of the self-assembled aggregates

    Can intermittent theta burst stimulation as add-on to psychotherapy improve nicotine abstinence? Results from a pilot study

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    Smoking is among the leading causes of mortality worldwide. Discontinuing smoking can increase life expectancy to the presmoking level. Unaided attempts are often ineffective, strengthening the necessity of cognitive-behavioral therapy (CBT), nicotine replacement or pharmacotherapy. Still, relapse rates are high. Recently, a modulation of nicotine craving, which predicts relapse, through transcranial magnetic stimulation to the prefrontal cortex was shown. In a pilot study, we investigated whether 4 sessions of intermittent theta burst stimulation (iTBS) as add-on treatment to CBT reduces nicotine craving and improves long-term abstinence (at 3, 6 and 12 months). Smokers were randomly assigned to a treatment (n = 38) or a sham group (n = 36). Although we did not find reduced craving, we could show higher abstinence rates in the treatment group at 3 months. At 6 and 12 months abstinence rates did not differ significantly. Results at 12 months, however, have to be interpreted cautiously due to significant differences in the dropout rates between the two groups at this time point. We provide first evidence for a beneficial effect of additional iTBS on intermediate nicotine abstinence; however, the low number of iTBS sessions might have prevented longer effects. More lasting effects might be achieved by iTBS maintenance sessions in analogy to the treatment of depression
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