The problems of the the Co-Ordination problem.

This paper is focused on the Hayekian understanding of the operation of the market as the continuous solution of a co-ordination problem in a decentralised decision-making system. The aim is to show the reasons why the solution of this problem is imperfect. These reasons lie, on the one hand, in deficiencies in the mechanisms to which Hayek ascribes the task of solving the co-ordination problem and, on the other hand, in the implications of the Keynesian view on expectations and the workings of the market process. In this regard, the problem of co-ordination in a Hayekian world would have different implications if Keynes’s theory were taken into consideration and the possibility of mistakes in an uncertain world were not underestimated.

Norm-based crisis and Deceitful firms

The aim of this paper is to provide an explanation of recent corporate malpractices in terms of individuals’ norm-based behaviour. In particular, it suggests that corporate misbehaviour could be understood in terms of a system-wide explanation grounded in the way in which the market itself operates and the endogenous norms which regulate its operation.Accounting misbehaviour, Deception, Economic crisis, Invisible-hand explanation, Norm.

Myocardial trabeculation in embryos of Scyliorhinus canicula (Elasmobranchii, Chondrichthyans)

Currently, three types of ventricular myoarchitecture are recognized in vertebrates, namely compact, spongy (trabeculated) and mixed myocardium. Mixed myocardium, which has been recently proposed as the primitive condition in gnathostomes, is composed of two myocardial layers: an inner trabeculated and an outer compact one. The trabeculation process has been studied in teleosts, showing exclusively spongy myocardium, and mammals and birds, characterized by a compact myocardial ventricular wall. In zebrafish, mouse and chicken embryos, the trabeculae develop as luminal myocardial ridges protruding into the lumen. In mammals and birds, further compactation of trabeculae leads to the formation of a compact layer. The potential mechanisms that may contribute to the formation of the ridges are under discussion and include myocardial proliferation, endocardial invagination, and bending of the entire myocardial layer. However, no description of the development of the mixed myocardium is available. To shed some light on this issue, we have studied the heart development of an elasmobranch species with mixed myocardium, the lesser spotted dogfish (Scyliorhinus canicula; Chondrichthyes), by means of histological and immunohistochemical techniques for light microscopy, semithin sections, scanning electron microscopy and transmission electron microscopy. Our results suggest that in the dogfish the intertrabecular spaces develop by connections between early intramyocardial spaces and the lumen of the ventricle through invaginations of the endocardial line. Chondrichthyans are the earliest diverged lineage of gnathostomes and, consequently, they have the most primitive cardiac design. Although chicken, mouse, and recently zebrafish have been considered powerful vertebrate models to study heart development, we propose that the trabeculation process in the dogfish is representative of the early steps of the ventricular morphogenesis in vertebrates.Universidad de Málaga. Campus de Excelencia Internacional Andalucía Tech.Study supported by grant CGL2017-85090-P and CGL2014-52356-P (Ministerio de Economía y Competitividad), FPU15/03209 (Ministerio de Educación, Cultura y Deporte), FEDER, and Universidad de Málaga

Deep learning as closure for irreversible processes: A data-driven generalized Langevin equation

The ultimate goal of physics is finding a unique equation capable of describing the evolution of any observable quantity in a self-consistent way. Within the field of statistical physics, such an equation is known as the generalized Langevin equation (GLE). Nevertheless, the formal and exact GLE is not particularly useful, since it depends on the complete history of the observable at hand, and on hidden degrees of freedom typically inaccessible from a theoretical point of view. In this work, we propose the use of deep neural networks as a new avenue for learning the intricacies of the unknowns mentioned above. By using machine learning to eliminate the unknowns from GLEs, our methodology outperforms previous approaches (in terms of efficiency and robustness) where general fitting functions were postulated. Finally, our work is tested against several prototypical examples, from a colloidal systems and particle chains immersed in a thermal bath, to climatology and financial models. In all cases, our methodology exhibits an excellent agreement with the actual dynamics of the observables under consideration

The bulbus arteriosus of the holocephalan heart

El resumen aparece en el Program & Abstracts of the 10th International Congress of Vertebrate Morphology, Barcelona 2013.Anatomical Record, Volume 296, Special Feature — 1: P-074.Previous work has shown that the outflow tract of the elasmobranch heart, namely the cardiac portion intercalated between the ventricle and the ventral aorta, does not consist of a single component, the conus arteriosus, as has classically been assumed, but two, the myocardial conus arteriosus and the non-myocardial bulbus arteriosus. From the evolutionary perspective, knowledge of the anatomy of the cardiac outflow tract of the holocephali is important, as they are the sister group of elasmobranchs. Our aim is to describe the cardiac outflow tract of four holocephalan species, two of them, Chimaera monstrosa and Hydrolagus affinis of the family Chimaeridae, and the other two, Harriotta raleighana and Rhinochimaera atlantica, of the family Rhinochimaeridae. The cardiac outflow tract of the four species consisted of a myocardial conus arteriosus, furnished with valves, and a bulbus arteriosus devoid of cardiac muscle. Both the bulbus and conus are tubular in shape. The length of the bulbus relative to the total length of the outflow tract is somewhat smaller in the rhinochimaerids (15%-19%) than in the chimaerids (19%-23%). The bulbus is covered by epicardium and is crossed by the main coronary artery trunks. Histologically, the bulbus is mainly composed of elastin and collagen, and, to a lesser extent, by smooth muscle. This suggests that in holocephalans, the bulbus actively helps to protect the gill vasculature from exposure to high-pressure pulses of blood. Our results prove that the bulbus arteriosus is common to chondrichthyans. In addition, they support the hypothesis that the cardiac outflow tract consisted of a conus arteriosus and a bulbus arteriosus from the beginning of the jawed vertebrate radiation, contributing to our understanding of the morphological changes that have occurred at the arterial pole of the heart in both actinopterygians and sarcopterygians.Proyecto CGL2010-16417/BOS; Fondos FEDE

MYOCARDIAL STRUCTURE AND VASCULARIZATION OF THE HEART VENTRICLE IN HOLOCEPHALI: IMPLICATIONS FOR HEART EVOLUTION

El resumen aparece en el Program & Abstracts of the 10th International Congress of Vertebrate Morphology, Barcelona 2013. Anatomical Record, Volume 296, Special Feature — 1: P-075.It has been classically assumed that the ventricle of the primitive vertebrate heart is composed of spongy myocardium, supplied exclusively by oxygen-poor, luminal blood. This idea is on two facts: (1) extant agnathans have a spongy ventricular myocardium, and (2) in avian and mammalian embryos, the formation of trabeculated myocardium precedes the appearance of compact myocardium. Recently, it has been proposed that, like elasmobranchs, the early gnathostomes possess a fully vascularised ventricle composed of mixed myocardium. We tested this idea by studying the structure and vascularisation of the ventricular myocardium in four holocephalan species of the families Chimaeridae and Rhinochimaeridae. Chimaera monstrosa, Hidrolagus affinis and Harriotta raleighana have a spongy myocardium covered by a thin layer of cardiac muscle. In H. raleighana, the compacta is reduced to an extremely fine rim. In all three species there is a well-developed coronary artery system consisting of subepicardial vessels which give off branches that penetrate the myocardial trabeculae. Rhinochimaera atlantica has no compacta and its ventricular coronary artery system is reduced to subepicardial vessels that do not enter the spongy layer. This report is the first to show that in wild living vertebrates, a coronary artery system supplying the whole myocardium exists in the absence of a well-developed compacta, which supports experimental work that shows that myocardial cell proliferation and coronary vascular growth rely on genetically separated programs. We conclude that the mixed ventricular myocardium is primitive for chondrichthyans, and that the lack of compacta in some holocephalans is a derived character. Moreover our results support the hypotheses that the mixed myocardium is the primitive condition in gnathostomes, and that the absence of a compacta in different actinopterygian taxa is the result of its repeated loss during evolution.Proyecto CGL2010-16417/BOS; Fondos FEDE