The Myth of the Rational Market: Nudging Each Other Away from Fool’s Gold

A flurry of media commentary and several new books are focused on the recent financial crisis and near economic collapse. A Newsweek article by Zakaria (2009), “Greed is Good (To a Point),” suggests reconsidering the role of greed in capitalism. This is also the theme in Fools Gold (Tett, 2009), a story about the way derivatives markets have evolved: showing greed at its worst. In many ways this is the core source of the current set of problems. In some sense, these perspectives are integrated in The Myth of the Rational Market by Fox (2009), who traces the thinking on the efficient market hypothesis, now understood for what it is: a myth. Both books are based in large part on interviews with major players in the crisis. There are also books drawing mainly on science, but still quite accessible to general readers, as represented in Nudge by Thaler and Sunstein (2008). Both have done extensive research on human foibles in economic choice. There is also Animal Spirits (Akerlof and Schiller, 2009), a book about what Keynesian economics is really about, a look at human forces at work. Akerlof is a Nobel prize winner in economics, who before this has pointed to the problems with presuming rationality in real markets. Schiller is one of the few economists who predicted these events.

Food Handling Practices, Knowledge and Beliefs of Families with Young Children Based on the Health Belief Model

Objective: To determine current food handling practices, knowledge and beliefs of primary food handlers with children 10 years old and the relationship between these components. Design: Surveys were developed based on FightBac!™ concepts and the Health Belief Model (HBM) construct. Participants: The majority of participants (n= 503) were females (67%), Caucasians (80%), aged between 30 to 49 years old (83%), had one or two children (83%), prepared meals all or most of the time (76%) and consumed meals away from home three times or less per week (66%). Analysis: Descriptive statistics and inferential statistics using Spearman’s rank correlation coefficient (rho) (p<0.05 and one-tail) and Chi-square were used to examine frequency and correlations. Results: Few participants reached the food safety objectives of Healthy People 2010 for safe food handling practices (79%). Mixed results were reported for perceived susceptibility. Only half of the participants (53-54%) reported high perceived severity for their children if they contracted food borne illness. Most participants were confident of their food handling practices for their children (91%) and would change their food handling practices if they or their family members previously experienced food poisoning (79%). Participants’ reasons for high self-efficacy were learning from their family and independently acquiring knowledge and skills from the media, internet or job. The three main barriers to safe food handling were insufficient time, lots of distractions and lack of control of the food handling practices of other people in the household. Participants preferred to use food safety information that is easy to understand, has scientific facts, causes feelings of health-threat and has lots of pictures or visuals. Participants demonstrate high levels of knowledge in certain areas of the FightBac!TM concepts but lacked knowledge in other areas. Knowledge and cues to action were most supportive of the HBM construct, while perceived susceptibility was least supportive of the HBM construct. Conclusion: Most participants demonstrate many areas to improve in their food handling practices, knowledge and beliefs. Adviser: Julie A. Albrecht

Seasonal home ranges and fidelity to breeding sites among ringed seals

Population structure and patterns of habitat use among ringed seals (Phoca hispida) are poorly known, in part because seasonal movements have not been adequately documented. We monitored the movements of 98 ringed seals in the Beaufort and Chukchi seas between 1990 and 2006 using three forms of telemetry. In the winter—spring period (when the seals were occupying shorefast ice), we used radio and ultra-sonic tags to track movements above and below the ice, respectively. We used satellite-linked transmitters in summer and fall (when the seals ranged away from their winter sites) to track at-sea movements. In the shorefast ice habitat, the home ranges of 27 adult males ranged from\1 to 13.9 km2 (median = 0.628) while the home ranges of 28 adult females ranged from \1 to 27.9 km2 (median = 0.652). The 3-dimensional volumes used by 9 seals tracked acoustically under the ice averaged 0.07 (SD = 0.04) km3 for subadults and adult males and 0.13 (SD = 0.04) km3 for adult females. Three of the radio-tracked seals and 9 tracked by satellite ranged up to 1,800 km from their winter/spring home ranges in summer but returned to the same small (1–2 km2) sites during the ice-bound months in the following year. The restricted movements of ringed seals during the ice-bound season— including the breeding season—limits their foraging activities for most of the year and may minimize gene flow within the species.

Comparison of Two Roadside Survey Procedures for Dwarf Mistletoes on the Sawtooth National Forest, Idaho

Two roadside surveys were conducted for dwarf mistletoes parasitizing lodgepole pine and Douglas-fir on the Sawtooth National Forest, Idaho. One survey used variable-radius plots located less than 150 m from roads. The 2nd survey used variable-radius plots established at 200-m intervals along 1600-m transects run perpendicular to the same roads. Estimates of the incidence (percentage of trees infected and percentage of plots infested) and severity (average dwarf mistletoe rating) for both lodgepole pine and Douglas-fir dwarf mistletoes were not significantly different for the 2 survey methods. These findings are further evidence that roadside-plot surveys and transect-plot surveys conducted away from roads provide similar estimates of the incidence of dwarf mistletoes for large forested areas.

The Probe, Issue 204 - September 1999

USFWS to Explore Canada Goose Management Strategies -- from a press release issued Aug. 3 by the US. Fish & Wildlife Service, written by Chris Tollefson. Anti-Trapping Measure Passes House Oregon Legislature Moves To Ensure Safety Of Its Citizens Against Cougars Acord Promoted Away From Wildlife Services New State Director US DA/APHIS in Mississippi is Kristina Godwin BOOk R e v i e w : "Living With Wildlife: How to Enjoy, Cope With, and Protect North America's Wild Creatures Around Your Home and Theirs," The California Center for Wildlife, with Diana Landau and Shelley Stump. San Francisco: A Sierra Club Book. 1994. 340 pp. + index $15.00. French Shepherds Protest Predators Rabbit Calicivirus Kills 65% of Rabbit Population Abstracts from the 2nd International Wildlife Management Congress, Hungary Crop Damage by Wildlife in Northern Ghana – O. I. Aalangdon* and A.S. Langyintuo, *Dept. of Renewable Natural Resources, University for Development Studies, Tamale Northern Region, Ghana Large Predators in Slovenia On the Way from Near Extermination to Overprotection and Back: Is Conservation Management of Large Predators in Cultural Landscapes Possible At All? -- M. Adamic, Chair of Wildlife Ecology, Biotechnical Faculty, University of Ljubljana, Slovenia Human-wolf Conflicts in the East Baltic: Past, Present, and Future -- Z. Andersone*, L. Balciauskas, and H. Valdmann., *Kemeri National Park, KemeriJurmala, Latvia Gray Wolf Restoration in the Northwestern United States -- E.E. Bangs*, J.A. Fontaine, D.W. Smith, C. Mack, and C. C. Niemeyer, *U.S. Fish & Wildlife Service, Helena, MT The Impact of Changing U.S. Demographics on the Future of Deer Hunting -- R. D. Brown, Wildlife & Fisheries Sciences, Texas A&M University, College Station, TX Management of Overabundant Marcropods in Nature Reserves: 6 Case Studies from Southeastern Australia -- G. Coulson, Dept. of Zoology,University of Melbourne,Parkville, Victoria, Australia