Effects of daylight-saving time changes on stock market volatility: a comment

In a recent article in this journal, Berument, Dogan, and Onar (2010) challenged the existence of the previously documented daylight-saving effect. Kamstra, Kramer, and Levi's original finding (2000) was that average stock market returns on Mondays following time changes are economically and statistically significantly lower than typical Monday returns. Kamstra, et al. hypothesized that the effect may arise due to heightened anxiety or risk aversion on the part of market participants after they experience a 1-hr. disruption in their sleep habits, in accordance with prior findings in the psychology literature linking sleep desynchronosis with anxiety. Berument, et al. replicated the original findings using ordinary least squares estimation, but when they modeled the mean of returns using a method prone to producing biased estimates, they obtained puzzling results. The analysis here, based on standard, unbiased modeling techniques, shows that the daylight-saving effect remains intact in the U.S.     

A Psychobiographical Analysis of Faith, Hope, and Despair in Suicide

This paper presents a psychobiographical analysis of a young woman who committed suicide over 50 years ago. Among the documents analyzed are her letters, a high-school diary, creative writing, college newspaper book reviews, and academic papers. Using both an Eriksonian and object-relational theoretical framework, the roles of faith, hope, and despair in suicide—and the ways in which these were represented in the young woman's self-system—are analyzed. Although she possessed strong elements of both faith and hope, along with a will to implement them in a purposeful manner, she was prone to the defense mechanisms of splitting, devaluation, and dissociation, which led to an inability to create an abiding sense of self that may have prevented her descent to despair. Among other issues discussed in the article are the usefulness of psychobiography as a method of studying suicide and both the benefits and limitations of spiritual faith in countering depression and suicide.     

The role of attentional breadth in perceptual change detection

Previous research has shown that changes to scenes are often surprisingly hard to detect. The research reported here investigated the relationship between individual differences in attention and change detection. We did this by assessing participantś breadth of attention in a functional field of view task (FFOV) and relating this measure to the speed with which individuals detected changes in scenes. We also examined how the salience, meaningfulness, and eccentricity of the scene changes affected perceptual change performance. In order to broaden the range of individual differences in attentional breadth, both young and old adults participated in the study. A strong negative relationship was obtained between attentional breadth and the latency with which perceptual changes were detected; observers with broader attentional windows detected changes faster. Salience and eccentricity had large effects on change detection, but meaning aided the performance of young adults only and only when changes also had low salience.     

Oculomotor consequences of abrupt object onsets and offsets: onsets dominate oculomotor capture

Previous research has shown that the appearance of an object (onset) and the disappearance of an object (offset) have the ability to influence the allocation of covert attention. To determine whether both onsets and offsets have the ability to influence eye movements, a series of experiments was conducted in which participants had to make goal-directed eye movements to a color singleton target in the presence of an irrelevant onset/offset. In accord with previous research, onsets had the ability to capture the eyes. The offset of an object demonstrated little or no ability to interrupt goal-directed eye movements to the target. Two experiments in which the effects of onsets and offsets on covert attention were examined suggest that offsets do not capture the eyes, because they have a lesser ability to capture covert attention than do onsets. A number of other studies that have shown strong effects of offsets on attention have used offsets that were uncorrelated with target position (i.e., nonpredictive), whereas we used onsets and offsets that never served as targets (i.e., antipredictive). The present results are consistent with a new-object theory of attentional capture in which onsets receive attentional priority over other types of changes in the visual environment.     

Attentional set interacts with perceptual load in visual search

In the present study, we examined the hypothesis that perceptual load is the primary factor that determines the efficiency of attentional selection. Participants performed a visual search task under conditions of high- and low-load. In line with the perceptual load hypothesis, presenting conditions of highand low-load in separate blocks of trials resulted in processing of to-be-ignored stimuli only in the lowload condition (Experiment 1). However when high- and low-load conditions were randomly mixed in blocks of trials, the participants showed processing of to-be-ignored stimuli in both conditions, suggesting that high perceptual load is not necessarily sufficient to obtain perceptual selectivity (Experiment 2). An analysis of intertrial transition effects showed that on high-load trials, processing of to-be-ignored stimuli occurred only when the previous trial was a low-load trial. The results suggest that low perceptual load can engender broad attentional processing. On the other hand, when a high-load trial was preceded by another high-load trial, little processing of task-irrelevant stimuli was observed. The present results are discussed in terms of the interaction between expectancies and bottom-up factors in the efficiency of attentional selection.     

Testing the limits of cognitive plasticity in older adults: application to attentional control

Laboratory based training studies suggest that older adults can benefit from training in tasks that tap control aspects of attention. This was further explored in the present study in which older and younger adults completed an adaptive and individualized dual-task training program. The testing-the-limits approach was used [Lindenberger, U., & Baltes, P. B. (1995). Testing-the-limits and experimental simulation: Two methods to explicate the role of learning in development. Human Development, 38, 349-360.] in order to gain insight into how attentional control can be improved in older adults. Results indicated substantial improvement in overlapping task performance in both younger and older participants suggesting the availability of cognitive plasticity in both age groups. Improvement was equivalent among age groups in response speed and performance variability but larger in response accuracy for older adults. The results suggest that time-sharing skills can be substantially improved in older adults.     

Aging, memory and visual search

Potential age-related differences in the memory processes that underlie visual search are examined in the present study. Using a dynamic, gaze-contingent search paradigm developed to assess memory for previously examined distractors, older adults demonstrated no memory deficit. Surprisingly, older adults made fewer refixations compared to their younger counterparts, indicating better memory for previously inspected objects. This improved memory was not the result of a speed-accuracy trade-off or larger Inhibition-of-Return effects for older than for younger adults. Additional analyses suggested that older adults may derive their benefit from finer spatial encoding of search items. These findings suggest that some of the memory processes that support visual search are relatively age invariant.     

A fresh look at perversion

The history of ideas about perversion is considered, along with an examination of whether the concept is clinically useful. Three cases of varying degrees of severity are presented, illustrating the clinical value of the concept in the analytic situation. All three cases are women, and the particular usefulness of the concept of perversion for women is noted. The place of aggression and the pleasure resulting from its expression are highlighted.