Daily Speculations

The Web Site of Victor Niederhoffer & Laurel Kenner

Dedicated to the scientific method, free markets, deflating ballyhoo, creating value, and laughter;  a forum for us to use our meager abilities to make the world of specinvestments a better place.

 

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01/19/2005
Deception: Mistress or Master

The following article forwarded to us by "Mr. Market", James Arvanetakis, shows that in nature there is no end to the levels of deception employed to gain prey. The subject is treated in detail in EdSpec and PracSpec. This should give any speculator pause as to applying fixed and inflexible systems. If the humble fangblenny fish can turn its disguise on and off at will, think how much more versatile the humans can be in employing deception to lure us into excess. Things are seldom what they seem.

Dishonesty the Best Policy, Cuttlefish Study Concludes by Sarah Graham

All is fair in love and war, but some animals take it to the extreme by temporarily turning themselves into something they're not. Findings published today in the journal Nature provide two new examples of how these mimics can get ahead.

The mating scene for Giant Australian Cuttlefish is rife with fighting and deception. Small males often scoop their much larger counterparts by pretending to be female themselves, which allows the runts to get closer to females of reproductive age. "In the blink of an eye they can pull out of it and go back to being a male," observes lead author Roger Hanlon of the Marine Biological Laboratory in Woods Hole, Mass. But although researchers had observed this behavior in the wild, it was unclear how successful the male mimics were at actually fertilizing females. Hanlon and his colleagues studied the creatures in their natural habitat and used DNA fingerprinting to analyze eggs and calculate the mimics' success rates. According to the report, the female impersonators fertilized female fish in 60 percent of their attempts, a success rate about twice that of honest male cuttlefish.

A second report by researchers at the University of East Anglia in Norwich, U.K., details a new example of mimicry in vertebrates, which usually lack the ability to switch appearances. Isabelle M. Cote and Karen L. Cheney found that the bluestriped fangblenny fish (Plagiotremus rhinorhynchos) is an exception and can turn its disguise on and off at will. By pretending to be a bluestreak cleaner fish--an animal that helps other species by removing parasites--the fangblenny then ambushes its prey. Although the physiological basis of the animals' color changes is not yet understood, the scientists found that rapid shifts in hue are possible and that the fish can maintain the different appearance for several hours. This flexibility is beneficial because if there are no cleaner fish to impersonate the fangblenny fish can revert to its signature blue stripe, which allows the creature to blend in better with the surroundings.