Offspring of parents who were separated and not speaking to one another have reduced resistance to the common cold as adults

Offspring of parents who were separated and not speaking to one another have reduced resistance to the common cold as adults. By Michael L. M. Murphy, Sheldon Cohen, Denise Janicki-Deverts, and William J. Doyle
Proceedings of the National Academy of Sciences, http://www.pnas.org/content/114/25/6515.abstract

Significance: Adults whose parents separated during childhood are at increased risk for poorer health, although the underlying mechanisms remain unclear. Furthermore, increasing evidence suggests that aspects of the family environment following parental separation better predict a child’s adjustment than the separation itself. Using a viral challenge study, we found that adults whose parents separated but remained on speaking terms during childhood were no more likely to develop a cold when exposed to a cold-causing virus than adults from intact childhood families. However, adults whose parents separated and did not speak to each other during childhood were more than three times as likely to develop a cold following viral exposure. This increased risk was attributed to heightened inflammation in response to infection.

Abstract: Exposure to parental separation or divorce during childhood has been associated with an increased risk for physical morbidity during adulthood. Here we tested the hypothesis that this association is primarily attributable to separated parents who do not communicate with each other. We also examined whether early exposure to separated parents in conflict is associated with greater viral-induced inflammatory response in adulthood and in turn with increased susceptibility to viral-induced upper respiratory disease. After assessment of their parents’ relationship during their childhood, 201 healthy volunteers, age 18–55 y, were quarantined, experimentally exposed to a virus that causes a common cold, and monitored for 5 d for the development of a respiratory illness. Monitoring included daily assessments of viral-specific infection, objective markers of illness, and local production of proinflammatory cytokines. Adults whose parents lived apart and never spoke during their childhood were more than three times as likely to develop a cold when exposed to the upper respiratory virus than adults from intact families. Conversely, individuals whose parents were separated but communicated with each other showed no increase in risk compared with those from intact families. These differences persisted in analyses adjusted for potentially confounding variables (demographics, current socioeconomic status, body mass index, season, baseline immunity to the challenge virus, affectivity, and childhood socioeconomic status). Mediation analyses were consistent with the hypothesis that greater susceptibility to respiratory infectious illness among the offspring of noncommunicating parents was attributable to a greater local proinflammatory response to infection.

The Acquisitive Nature of Extraverted CEOs

The Acquisitive Nature of Extraverted CEOs. By Shavin Malhotra et al.
Administrative Science Quarterly, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2973018

Abstract: This study examines how extraversion, a personality trait that signifies more or less positive affect, assertive behavior, decisive thinking, and desires for social engagement, influences chief executive officers’ (CEOs’) decisions and the ensuing strategic behavior of firms. Using a novel linguistic technique to assess personality from unscripted text spoken by 2,381 CEOs of S&P 1500 firms over ten years, we show that CEOs’ extraversion influences the merger and acquisition (M&A) behavior of firms above and beyond other well-established personality traits. We find that extraverted CEOs are more likely to engage in acquisitions, and to conduct larger ones, than other CEOs and that these effects are partially explained by their higher representation on boards of other firms. Moreover, we find that the acquisitive nature of extraverted CEOs reveals itself particularly in so-called “weaker” situations, in which CEOs enjoy considerable discretion to behave in ways akin to their personality traits. Subsequent analyses show that extraverted CEOs are also more likely than other CEOs to succeed in M&As, as reflected by stronger abnormal returns following acquisition announcements.

Keywords: personality, chief executive officers, mergers and acquisitions, extraversion
JEL Classification: G02, G34, M12

Pupillary Responses to Words That Convey a Sense of Brightness or Darkness

Pupillary Responses to Words That Convey a Sense of Brightness or Darkness. By Sebastiaan Mathôt, Jonathan Grainger & Kristof Strijkers
Psychological Science, https://www.ncbi.nlm.nih.gov/pubmed/28613135

Abstract: Theories about embodiment of language hold that when you process a word’s meaning, you automatically simulate associated sensory input (e.g., perception of brightness when you process lamp) and prepare associated actions (e.g., finger movements when you process typing). To test this latter prediction, we measured pupillary responses to single words that conveyed a sense of brightness (e.g., day) or darkness (e.g., night) or were neutral (e.g., house). We found that pupils were largest for words conveying darkness, of intermediate size for neutral words, and smallest for words conveying brightness. This pattern was found for both visually presented and spoken words, which suggests that it was due to the words’ meanings, rather than to visual or auditory properties of the stimuli. Our findings suggest that word meaning is sufficient to trigger a pupillary response, even when this response is not imposed by the experimental task, and even when this response is beyond voluntary control.

Gambling Attitudes and Financial Misreporting

Gambling Attitudes and Financial Misreporting. By Dane Christensen, Keith Jones & David Kenchington
Contemporary Accounting Research, http://onlinelibrary.wiley.com/doi/10.1111/1911-3846.12322/pdf

Abstract: We investigate whether attitudes toward gambling help explain the occurrence of intentional misreporting. Similar to gambling, some financial reporting choices involve taking deliberate, speculative risks. We predict that in places where gambling is more socially acceptable, managers will be more likely to take financial reporting risks that increase the likelihood the financial statements will need to be restated. To test this prediction, we exploit geographic variation in local gambling attitudes and find that restatements due to intentional misreporting are more common in areas where gambling is more socially acceptable. This association is even stronger in situations where management is under greater pressure to misreport, including when the firm is: close to meeting a performance benchmark, experiencing poor financial performance, or under investment-related pressure. Furthermore, these results are robust to numerous tests to address omitted variables and endogeneity. Collectively, these findings suggest gambling attitudes help explain the incidence of intentional misreporting.

Keywords: Gambling; Attitudes; Misreporting; Irregularities.
JEL Classification Codes: K42; M14; M41; M42; R10.

Selectively Distracted: Divided Attention and Memory for Important Information

Selectively Distracted: Divided Attention and Memory for Important Information. By Catherine Middlebrooks, Tyson Kerr & Alan Castel
Psychological Science, http://journals.sagepub.com/doi/abs/10.1177/0956797617702502

Abstract: Distractions and multitasking are generally detrimental to learning and memory. Nevertheless, people often study while listening to music, sitting in noisy coffee shops, or intermittently checking their e-mail. The current experiments examined how distractions and divided attention influence one’s ability to selectively remember valuable information. Participants studied lists of words that ranged in value from 1 to 10 points while completing a digit-detection task, while listening to music, or without distractions. Though participants recalled fewer words following digit detection than in the other conditions, there were no significant differences between conditions in terms of selectively remembering the most valuable words. Similar results were obtained across a variety of divided-attention tasks that stressed attention and working memory to different degrees, which suggests that people may compensate for divided-attention costs by selectively attending to the most valuable items and that factors that worsen memory do not necessarily impair the ability to selectively remember important information.

Is China building too many airports?

Is China building too many airports? By Fran Wang. Caixin, Jun 23, 2017. http://www.caixinglobal.com/2017-06-23/101105028.html. Extract.

Over the next three years, local authorities in China are planning to build more than 900 airports for general aviation—the segment of the industry that includes crop dusting and tourism. The figure is nearly double the central government’s goal of “more than 500” over the period.

A news report has warned that’s just too many airports.

In May 2016, the State Council, China’s cabinet, announced that the country wanted to construct more than 500 general aviation airports to boost the size of the industry to over 1 trillion yuan (U.S.$146 billion).

General aviation covers flights on helicopters and light aircraft used in sectors such as tourism, agriculture, medical care, and disaster relief.

All provincial-level governments except Shanghai, Tibet, and the northeastern province of Jilin have since published their own plans for these airports, and their goal is far more ambitious than the central government’s. Together, they plan to build 934 general aviation airports, according to the 21st Century Business Herald.

The number put forward by each region ranges from seven to 200. The three places that intend to build the most general aviation airports are Guangxi in southern China, Heilongjiang in the northeast, and Xinjiang in the northwest—all remote and less developed areas, the newspaper said.

Despite the government excesses managing the public treasure*, corruption in civil engineering works†, etc.‡, the citizen is quite comfortable ¶ with these expenditures (while the costs are not recouped visibly from him). It seems that if we see more tower buildings, and are taller, we assume we are progressing, there is material advance, and that most are better for this. My hypothesis is that what feeds the population's approval are patriotism§ (very powerful in Han China) and redistributionism֍.




From Chris Buckley's China’s New Bridges: Rising High, but Buried in Debt, The New York Times, Jun 10, 2017. Available at https://www.nytimes.com/2017/06/10/world/asia/china-bridges-infrastructure.html (impressive imagery).

*    “Infrastructure is a double-edged sword,” said Atif Ansar, a management professor at the University of Oxford who has studied China’s infrastructure spending. “It’s good for the economy, but too much of this is pernicious. ‘Build it and they will come’ is a dictum that doesn’t work, especially in China, where there’s so much built already.”

A study that Mr. Ansar helped write said fewer than a third of the 65 Chinese highway and rail projects he examined were “genuinely economically productive,” while the rest contributed more to debt than to transportation needs.

†  In the past six years, anticorruption inquiries have toppled more than 27 Hunan transportation officials.

‡, §   “The amount of high bridge construction in China is just insane,” said Eric Sakowski, an American bridge enthusiast who runs a website on the world’s highest bridges. “China’s opening, say, 50 high bridges a year, and the whole of the rest of the world combined might be opening 10.”

    Of the world’s 100 highest bridges, 81 are in China, including some unfinished ones, according to Mr. Sakowski’s data. (The Chishi Bridge ranks 162nd.)

    China also has the world’s longest bridge, the 102-mile Danyang-Kunshan Grand Bridge, a high-speed rail viaduct running parallel to the Yangtze River, and is nearing completion of the world’s longest sea bridge, a 14-mile cable-stay bridge skimming across the Pearl River Delta, part of a 22-mile bridge and tunnel crossing that connects Hong Kong and Macau with mainland China.

    The country’s expressway growth has been compared to that of the United States in the 1950s, when the Interstate System of highways got underway, but China is building at a remarkable clip. In 2016 alone, China added 26,100 bridges on roads, including 363 “extra large” ones with an average length of about a mile, government figures show.

֍    “It’s very important to improve transport and other infrastructure so that impoverished regions can escape poverty and prosper,” President Xi Jinping said while visiting the spectacular, recently opened Aizhai Bridge in Hunan in 2013. “We must do more of this and keep supporting it.”

¶    Indeed, the new roads and railways have proved popular.


§  Who Will Fight? The All-Volunteer Army after 9/11. By Susan Payne Carter, Alexander Smith & Carl Wojtaszek. American Economic Review, May 2017, Pages 415-419, https://www.aeaweb.org/articles?id=10.1257/aer.p20171082.

Candidate Choice Without Party Labels: New Insights from Conjoint Survey Experiments

Candidate Choice Without Party Labels: New Insights from Conjoint Survey Experiments. By Patricia Kirkland & Alexander Coppock
Political Behavior, https://link.springer.com/article/10.1007/s11109-017-9414-8

Abstract: In the absence of party labels, voters must use other information to determine whom to support. The institution of nonpartisan elections, therefore, may impact voter choice by increasing the weight that voters place on candidate dimensions other than partisanship. We hypothesize that in nonpartisan elections, voters will exhibit a stronger preference for candidates with greater career and political experience, as well as candidates who can successfully signal partisan or ideological affiliation without directly using labels. To test these hypotheses, we conducted conjoint survey experiments on both nationally representative and convenience samples that vary the presence or absence of partisan information. The primary result of these experiments indicates that when voters cannot rely on party labels, they give greater weight to candidate experience. We find that this process unfolds differently for respondents of different partisan affiliations: Republicans respond to the removal of partisan information by giving greater weight to job experience while Democrats respond by giving greater weight to political experience. Our results lend microfoundational support to the notion that partisan information can crowd out other kinds of candidate information.

On Feeling Warm and Being Warm: Daily Perceptions of Physical Warmth Fluctuate With Interpersonal Warmth

On Feeling Warm and Being Warm: Daily Perceptions of Physical Warmth Fluctuate With Interpersonal Warmth. By Adam Fetterman, Benjamin Wilkowski & Michael Robinson
Social Psychological and Personality Science, http://journals.sagepub.com/doi/abs/10.1177/1948550617712032?journalCode=sppa

Abstract: Previous investigations have linked laboratory manipulations of physical warmth to momentary increases in interpersonal warmth. However, replication concerns have occurred in this area, and it is not known whether similar dynamics characterize daily functioning. Two daily diary studies (total N = 235) suggest an affirmative answer. On days in which participants felt physically warmer, they perceived themselves to be interpersonally warmer and more agreeable, irrespective of the outdoor temperature. These findings are consistent with frameworks proposing that people draw on concepts of physical warmth to represent feelings of interpersonal warmth and they highlight the value of using daily diary and within-subject designs to investigate embodied cognition as well as other priming effects.