Loss Aversion and Intertemporal Choice: A Laboratory Investigation

We present results from a laboratory study of loss aversion in the context of intertemporal choice. We investigate whether the provision of (windfall) endowments results in different elicited discount rates relative to subjects who earn income or earn and retain the income for a period before making intertemporal decisions. We hypothesize that loss aversion in an intertemporal choice yields higher discount rates among subjects earning and retaining. Our results support this hypothesis: among subjects who earn and retain their income we elicit substantially higher discount rates relative to those experiencing a windfall gain.intertemporal choice, discount rates, experiments

Neurocognitive Process Constraints on Analogy: What Changes to Allow Children to Reason like Adults?

Analogy employs a neurocognitive working-memory (WM) system to activate and bind relational representations, integrate multiple relations, and suppress distracting information. Analogy experiments exploring these processes have used a variety of methodologies including dual tasks, neuropsychology, and functional neuroimaging, as well as experiments with children and older adults. Collectively, these experiments provide a rich set of results useful in evaluating any model of analogy and its development

Loss aversion and intertemporal choice: A laboratory investigation

We present results from a laboratory study of loss aversion in the context of intertemporal choice. We investigate whether the provision of (windfall) endowments results in different elicited discount rates relative to subjects who earn income or earn and retain the income for a period before making intertemporal decisions. We hypothesize that loss aversion in an intertemporal choice yields higher discount rates among subjects earning and retaining. Our results support this hypothesis: among subjects who earn and retain their income we elicit substantially higher discount rates relative to those experiencing a windfall gain

Loss Aversion in the Laboratory

We report the results of a laboratory experiment testing for the existence of loss aversion in a standard risk aversion protocol (Holt and Laury, 2002). In our experiment, participants earn and retain money for a week before using it in an incentivized risk preference elicitation task. We find loss aversion, distinct from risk aversion, has a significant effect on behavior resulting in participants requiring higher compensation to bear risk

Semantic Distance Modulates the N400 Event-Related Potential in Verbal Analogical Reasoning

Computational accounts have traditionally focused on mapping between structured representations as fundamental to analogical processing. However, a recent connectionist model has been used to argue that structured representations may not be necessary to solve verbal analogies. Green and colleagues (2010) have shown that brain areas associated with analogical mapping become more engaged as semantic distance increases between verbal analogy source and targets. Herein, we had participants verify verbal analogies characterized for semantic distance while we monitored their brain waves using EEG. Our results suggest that the semantic distance between the source and target of a verbal analogy does influence early semantic processing as reflected in the N400 Event-Related Potential. However, successfully differentiating valid and invalid verbal analogies engages areas of prefrontal cortex widely associated with inhibitory processing and the integration of abstract relations in working memory. Thus, it appears that traditional semantic priming alone is likely insufficient to explain the full extent of analogical processing

Is Analogical Reasoning just Another Measure of Executive Functioning?

A commentary on: Deficits in analogical reasoning in adolescents with traumatic brain injury

Myelin tetraspan family proteins but no non-tetraspan family proteins are present in the ascidian (Ciona intestinalis) genome

Author Posting. © Marine Biological Laboratory, 2005. This article is posted here by permission of Marine Biological Laboratory for personal use, not for redistribution. The definitive version was published in Biological Bulletin 209 (2005): 49-66.Several of the proteins used to form and maintain myelin sheaths in the central nervous system (CNS) and the peripheral nervous system (PNS) are shared among different vertebrate classes. These proteins include one-to-several alternatively spliced myelin basic protein (MBP) isoforms in all sheaths, proteolipid protein (PLP) and DM20 (except in amphibians) in tetrapod CNS sheaths, and one or two protein zero (P0) isoforms in fish CNS and in all vertebrate PNS sheaths. Several other proteins, including 2', 3'-cyclic nucleotide 3'-phosphodiesterase (CNP), myelin and lymphocyte protein (MAL), plasmolipin, and peripheral myelin protein 22 (PMP22; prominent in PNS myelin), are localized to myelin and myelin-associated membranes, though class distributions are less well studied. Databases with known and identified sequences of these proteins from cartilaginous and teleost fishes, amphibians, reptiles, birds, and mammals were prepared and used to search for potential homologs in the basal vertebrate, Ciona intestinalis. Homologs of lipophilin proteins, MAL/plasmolipin, and PMP22 were identified in the Ciona genome. In contrast, no MBP, P0, or CNP homologs were found. These studies provide a framework for understanding how myelin proteins were recruited during evolution and how structural adaptations enabled them to play key roles in myelination.This work was supported by grant IBN-0402188 from the National Science Foundation (RMG)

An experimental technique for performing 3-D LDA measurements inside whirling annular seals

During the last several years, the Fluid Mechanics Division of the Turbomachinery Laboratory at Texas A&M University has developed a rather unique facility with the experimental capability for measuring the flow field inside journal bearings, labyrinth seals, and annular seals. The facility consists of a specially designed 3-D LDA system which is capable of measuring the instantaneous velocity vector within 0.2 mm of a wall while the laser beams are aligned almost perpendicular to the wall. This capability was required to measure the flow field inside journal bearings, labyrinth seals, and annular seals. A detailed description of this facility along with some representative results obtained for a whirling annular seal are presented