417 research outputs found

    Trustors' disregard for trustees deciding quickly or slowly in three experiments with time constraints

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    Many decisions in the economic and social domain are made under time constraints, be it under time pressure or forced delay. Requiring individuals to decide quickly or slowly often elicit different responses. Time pressure has been associated with inefficiency in market settings and market regulation often requires individuals to delay their decisions via cooling-off periods. Yet, recent research suggests that people who make reflective decisions are met with distrust. If this extends to external time constraints, then forcing individuals to delay their decisions may be counterproductive in scenarios where trust considerations are important, such as in market and organizational design. In three Trust Game experiments (total number of participants = 1872), including within- and between subjects designs, we test whether individuals trust (more) someone who is forced to respond quickly (intuitively) or slowly (reflectively). We find that trustors do not adjust their behavior (or their beliefs) to the trustee’s time conditions. This seems to be an appropriate response because time constraints do not affect trustees’ behavior, at least when the game decisions are binary (trust vs. don’t trust; reciprocate vs. don’t reciprocate) and therefore mistakes cannot explain choices. Thus, delayed decisions per se do not seem to elicit distust

    Robots, labor markets, and universal basic income

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    Automation is a big concern in modern societies in view of its widespread impact on many socioeconomic issues including income, jobs, and productivity. While previous studies have concentrated on determining the effects on jobs and salaries, our aim is to understand how automation affects productivity, and how some policies, such as taxes on robots or universal basic income, moderate or aggravate those effects. To this end, we have designed an experiment where workers make productive effort decisions, and managers can choose between workers and robots to do these tasks. In our baseline treatment, we measure the effort made by workers who may be replaced by robots, and also elicit firm replacement decisions. Subsequently, we carry out treatments in which workers have a universal basic income of about a fifth of the workers’ median wages, or where there is a tax levy on firms who replace workers by robots. We complete the picture of the impact of automation by looking into the coexistence of workers and robots with part-time jobs. We find that the threat of a robot substitution does not affect the amount of effort exerted by workers. Also, neither universal basic income nor a tax on robots decrease workers’ effort. We observe that the robot substitution tax reduces the probability of worker substitution. Finally, workers that benefit from managerial decisions to not substitute them by more productive robots do not increase their effort level. Our conclusions shed light on the interplay of policy and workers behavior under pervasive automation

    Robots, labor markets, and universal basic income

    Get PDF
    Automation is a big concern in modern societies in view of its widespread impact on many socioeconomic issues including income, jobs, and productivity. While previous studies have concentrated on determining the effects on jobs and salaries, our aim is to understand how automation affects productivity, and how some policies, such as taxes on robots or universal basic income, moderate or aggravate those effects. To this end, we have designed an experiment where workers make productive effort decisions, and managers can choose between workers and robots to do these tasks. In our baseline treatment, we measure the effort made by workers who may be replaced by robots, and also elicit firm replacement decisions. Subsequently, we carry out treatments in which workers have a universal basic income of about a fifth of the workers’ median wages, or where there is a tax levy on firms who replace workers by robots. We complete the picture of the impact of automation by looking into the coexistence of workers and robots with part-time jobs. We find that the threat of a robot substitution does not affect the amount of effort exerted by workers. Also, neither universal basic income nor a tax on robots decrease workers’ effort. We observe that the robot substitution tax reduces the probability of worker substitution. Finally, workers that benefit from managerial decisions to not substitute them by more productive robots do not increase their effort level. Our conclusions shed light on the interplay of policy and workers behavior under pervasive automation

    Polyethylene Glycol Camouflaged Earthworm Hemoglobin.

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    Nearly 21 million components of blood and whole blood and transfused annually in the United States, while on average only 13.6 million units of blood are donated. As the demand for Red Blood Cells (RBCs) continues to increase due to the aging population, this deficit will be more significant. Despite decades of research to develop hemoglobin (Hb) based oxygen (O2) carriers (HBOCs) as RBC substitutes, there are no products approved for clinical use. Lumbricus terrestris erythrocruorin (LtEc) is the large acellular O2 carrying protein complex found in the earthworm Lumbricus terrestris. LtEc is an extremely stable protein complex, resistant to autoxidation, and capable of transporting O2 to tissue when transfused into mammals. These characteristics render LtEc a promising candidate for the development of the next generation HBOCs. LtEc has a short half-life in circulation, limiting its application as a bridge over days, until blood became available. Conjugation with polyethylene glycol (PEG-LtEc) can extend LtEc circulation time. This study explores PEG-LtEc pharmacokinetics and pharmacodynamics. To study PEG-LtEc pharmacokinetics, hamsters instrumented with the dorsal window chamber were subjected to a 40% exchange transfusion with 10 g/dL PEG-LtEc or LtEc and followed for 48 hours. To study the vascular response of PEG-LtEc, hamsters instrumented with the dorsal window chamber received multiple infusions of 10 g/dL PEG-LtEc or LtEc solution to increase plasma LtEc concentration to 0.5, then 1.0, and 1.5 g/dL, while monitoring the animals' systemic and microcirculatory parameters. Results confirm that PEGylation of LtEc increases its circulation time, extending the half-life to 70 hours, 4 times longer than that of unPEGylated LtEc. However, PEGylation increased the rate of LtEc oxidation in vivo. Vascular analysis verified that PEG-LtEc showed the absence of microvascular vasoconstriction or systemic hypertension. The molecular size of PEG-LtEc did not change the colloid osmotic pressure or blood volume expansion capacity compared to LtEc, due to LtEc's already large molecular size. Taken together, these results further encourage the development of PEG-LtEc as an O2 carrying therapeutic

    Immune Reactivity and Pseudoprogression or Tumor Flare in a Serially Biopsied Neuroendocrine Patient Treated with the Epigenetic Agent RRx-001.

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    Neuroendocrine tumors (NETs) are grouped together as a single class on the basis of histologic appearance, immunoreactivity for the neuroendocrine markers chromogranin A and synaptophysin, and potential secretion of hormones, neurotransmitters, neuromodulators and neuropeptides. Nevertheless, despite these common characteristics, NETs differ widely in terms of their natural histories: high-grade NETs are clinically aggressive and, like small cell lung cancer, which they most closely resemble, tend to respond to cisplatin and etoposide. In contrast, low-grade NETs, which as a rule progress and behave indolently, do not. In either case, the treatment strategy, apart from potentially curative surgical resection, is very poorly defined. This report describes the case of a 28-year-old white male with a diagnosis of high-grade NET of undetermined primary site metastatic to the lymph nodes, skin and paraspinal soft tissues, treated with the experimental anticancer agent RRx-001, in the context of a phase II clinical trial called TRIPLE THREAT (NCT02489903); serial sampling of tumor material through repeat biopsies demonstrated an intratumoral inflammatory response, including the amplification of infiltrating T cells, which correlated with clinical and symptomatic benefit. This case suggests that pseudoprogression or RRx-001-induced enlargement of tumor lesions, which has been previously described for several RRx-001-treated patients, is the result of tumoral lymphocyte infiltration

    Optimal network topologies for local search with congestion

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    The problem of searchability in decentralized complex networks is of great importance in computer science, economy and sociology. We present a formalism that is able to cope simultaneously with the problem of search and the congestion effects that arise when parallel searches are performed, and obtain expressions for the average search cost--written in terms of the search algorithm and the topological properties of the network--both in presence and abscence of congestion. This formalism is used to obtain optimal network structures for a system using a local search algorithm. It is found that only two classes of networks can be optimal: star-like configurations, when the number of parallel searches is small, and homogeneous-isotropic configurations, when the number of parallel searches is large.Comment: 4 pages. Final version accepted in PR

    Molecular Systematics of the Fishing Bat Myotis (Pizonyx) vivesi

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    Phylogenetic reconstructions based on molecular data have shown recurrent morphological convergence during evolution of the species-rich genus Myotis. Species or groups of species with similar feeding strategies have evolved independently several times to produce remarkable similarities in external morphology. In this context, we investigated the contentious phylogenetic position of 1 of the 2 piscivorous bat species, Myotis vivesi, which was not included in previous molecular studies. This bat, endemic to the coasts and islands of the Gulf of California, Mexico, was long classified in its own genus, Pizonyx, because of its distinctive morphology. To reconstruct its phylogenetic origins relative to other Myotis, we sequenced the mitochondrial cytochrome-b gene of 2 M. vivesi and related vespertilionids. These outgroups included Pipistrellus subflavus, a member of the subgenus Perimyotis, sometimes classified within the genus Myotis. Unexpectedly, all reconstructions placed M. vivesi within a strongly supported clade including all other typical neotropical and Nearctic Myotis. This molecular phylogeny supports an endemic radiation of New World Myotis. Other Myotis species with similar adaptations to gaffing prey from the water surface present no close phylogenetic relationships with M. vivesi, indicating that such adaptations are convergences. On the other hand, P. subflavus is genetically as distant from the genus Myotis as from other Pipistrellus species, suggesting that generic rank to Perimyotis is warrante

    Intergenerational eld transitions in economics

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    This note documents trends of socialization and intergenerational mobility across research networks (fields) in economics. Using data on advisor-advisee pairs, we find that intergenerational field similarity is more prevalent in larger and successful fields. We then show that researchers who do choose different fields than those of their advisors are more likely to switch to highly demanded fields in the job market. These results are consistent with the equilibrium of a model in which advisors’ have concerns for their advisees’ socialization and production outcomes. We also document a positive relation between field productivity and the median level of co-authorship at the field level, which is consistent with complementaries between socialization and productive efforts
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