How do Households Value the Future? Evidence from Property Taxes

Despite the near ubiquity of inter-temporal choice, there is little consensus on the rate at which individuals trade present and future costs and benefits. We contribute to this debate by estimating discount rates from extensive data on housing transactions and spatio-temporal variation in property taxes in England. Our findings imply longterm average discount rates that are between 3 and 4%. The close correspondence to prevailing market interest rates gives little reason to suggest that households misoptimise by materially undervaluing very long term financial flows in this high stakes context

Preparation and properties of amorphous MgB2_2/MgO superstructures: A new model disordered superconductor

In this paper we introduce a novel method for fabricating MgB$_2$/MgO multilayers and demonstrate the potential for using them as a new model for disordered superconductors. In this approach we control the annealing of the MgB$_2$ to yield an interesting new class of disordered (amorphous) superconductors with relatively high transition temperatures. The multilayers appear to exhibit quasi-two-dimensional superconductivity with controlled anisotropy. We discuss the properties of the multilayers as the thickness of the components of the bilayers vary.Comment: 7 pages, 8 figure

Atomic force microscopy shows that vaccinia topoisomerase IB generates filaments on DNA in a cooperative fashion

Type IB DNA topoisomerases cleave and rejoin one strand of the DNA duplex, allowing for the removal of supercoils generated during replication and transcription. In addition, electron microscopy of cellular and viral TopIB–DNA complexes has suggested that the enzyme promotes long-range DNA–DNA crossovers and synapses. Here, we have used the atomic force microscope to visualize and quantify the interaction between vaccinia topoisomerase IB (vTopIB) and DNA. vTopIB was found to form filaments on nicked-circular DNA by intramolecular synapsis of two segments of a single DNA molecule. Measuring the filament length as a function of protein concentration showed that synapsis is a highly cooperative process. At high protein:DNA ratios, synapses between distinct DNA molecules were observed, which led to the formation of large vTopIB-induced DNA clusters. These clusters were observed in the presence of Mg(2+), Ca(2+) or Mn(2+), suggesting that the formation of intermolecular vTopIB-mediated DNA synapsis is favored by screening of the DNA charge

Attentional avoidance of high-fat food in unsuccessful dieters

Using the exogenous cueing task, this study examined whether restrained and disinhibited eaters differ in their orientation of attention towards and their difficulty to disengage from high versus low-fat food pictures in a relatively short (500 ms) and a long presentation format (1500 ms). Overall, participants in the 500 ms condition showed a tendency to direct attention away from high-fat food pictures compared to neutral pictures. No differential pattern was evident for the 1500 ms condition. Correlational analysis revealed that reduced engagement with high-fat food was particularly pronounced for disinhibited eaters. Although in the short term this seems an adaptive strategy, it may eventually become counterproductive, as it could hinder habituation and learning to cope with seductive characteristics of high-fat food. (C) 2010 Elsevier Ltd. All rights reserved

Tendency Bias Correction in Coupled and Uncoupled Global Climate Models with a Focus on Impacts over North America

We revisit the bias correction problem in current climate models, taking advantage of state-of-the-art atmospheric reanalysis data and new data assimilation tools that simplify the estimation of short-term (6 hourly) atmospheric tendency errors. The focus is on the extent to which correcting biases in atmospheric tendencies improves the models climatology, variability, and ultimately forecast skill at subseasonal and seasonal time scales. Results are presented for the NASA GMAO GEOS model in both uncoupled (atmosphere only) and coupled (atmosphereocean) modes. For the uncoupled model, the focus is on correcting a stunted North Pacific jet and a dry bias over the central United States during boreal summerlong-standing errors that are indeed common to many current AGCMs. The results show that the tendency bias correction (TBC) eliminates the jet bias and substantially increases the precipitation over the Great Plains. These changes are accompanied by much improved (increased) storm-track activity throughout the northern midlatitudes. For the coupled model, the atmospheric TBCs produce substantial improvements in the simulated mean climate and its variability, including a much reduced SST warm bias, more realistic ENSO-related SST variability and teleconnections, and much improved subtropical jets and related submonthly transient wave activity. Despite these improvements, the improvement in subseasonal and seasonal forecast skill over North America is only modest at best. The reasons for this, which are presumably relevant to any forecast system, involve the competing influences of predictability loss with time and the time it takes for climate drift to first have a significant impact on forecast skill

Electronic properties of buried hetero-interfaces of LaAlO3 on SrTiO3

We have made very thin films of LaAlO3 on TiO2 terminated SrTiO3 and have measured the properties of the resulting interface in various ways. Transport measurements show a maximum sheet carrier density of 1016 cm-2 and a mobility around 104 cm2 V-1 s-1. In situ ultraviolet photoelectron spectroscopy (UPS) indicates that for these samples a finite density of states exists at the Fermi level. From the oxygen pressure dependence measured in both transport as well as the UPS, we detail, as reported previously by us, that oxygen vacancies play an important role in the creation of the charge carriers and that these vacancies are introduced by the pulsed laser deposition process used to make the heterointerfaces. Under the conditions studied the effect of LaAlO3 on the carrier density is found to be minimal.Comment: 19 pages, 6 figure