1/ When face masks signal social identity: Explaining the deep face-mask divide during the COVID-19 pandemic

"We found strong evidence of in-group favoritism among both mask & non-mask wearers when information about the partner’s mask usage was known."

journals.plos.org/plosone/articl…
2/ "Instead of simply asking what mask & non-mask wearers think of each other, we look at how information about others’ mask-wearing behavior influences cooperation when real money is at stake.

"We recruited an even distribution of subjects from different political affiliations.
3/ "Our experiment consisted of two main stages of incentivized Prisoner’s Dilemma (PD) games with & without subjects knowing their partners’ mask usage.

"Each subject’s answer to a hypothetical scenario was used to classify her as a mask wearer (MW) or a non-mask wearer (NMW).
4/ "There is a possibility that face masks signal both cooperation and social identity, in which case the opposing effects may cancel out. However, we should continue to observe mask wearers cooperating more when playing against another mask wearer where both H2 and H3 are true."
5/ "There is little evidence to support H1 (that mask wearers are intrinsically more cooperative than non mask wearers when information about their own and the other person’s mask usage is not salient)."
6/ Panel 1: "Eliciting mask usage after the first stage, which would have made their own mask-wearing behavior salient, did not affect cooperation. This suggests participants do not hold stereotypical views about how mask or non-mask wearers should behave in a social dilemma.
7/ Panels 2 and 3: "Mask wearers seemed to treat other mask wearers as in-group members and non-mask wearers as out-group members, and vice versa for how non-mask wearers treated other non-mask wearers and mask wearers.
8/ "Results continue to be robust after controlling for gender, age, ethnicity, the political party supported, education, household income, the exchange rate, and the order of the PD games.
9/ "Compared to facing an anonymous partner, mask wearers’ cooperation rates were 7 percentage points (p<0.001) higher when facing a mask-wearing partner and 25 pp (p<0.001) lower when facing a non-mask wearing partner. The difference of 32 pp is significant in a t-test, p<0.001.
10/ "Non-mask wearers’ cooperation rates were 14 pp (p = 0.063) lower when facing a mask-wearing partner and 3 pp (p = 0.634) higher when facing a non-mask-wearing partner, compared to facing an anonymous partner. The difference of 17 pp is significant in a t-test, p = 0.033.
11/ "Elicited expectations at the end of the experiment about the mask and non-mask wearers’ willingness to cooperate and their altruism towards them are strongly correlated with participants’ cooperation during the experiment itself."
12/ "98% of Democrats identified themselves as mask wearers compared to 88% of Independents & 84% of Republicans. These differences are sizable and stat. significant; we can reject the null hypothesis that the average mask usage is the same across all 3 political affiliations.
13/ "The bias towards mask wearers over non-mask wearers was highest among Democrats, followed by Independents, and then Republicans. Likewise, the bias towards mask wearers over non-mask wearers decreases with how conservative participants think of themselves."
14/ "Non-mask wearers were 21 pp (p=0.002) less likely to cooperate than mask wearers when facing a mask wearer & 25 pp (p<0.001) more likely than mask wearers when facing a non-mask wearer even accounting for the interaction between political affiliation and partner mask usage."
15/ "While there is evidence that political identity drives some of our earlier results of social identity effects associated with face mask usage, we cannot attribute the entire effects to the hypothesis that face masks are a pure signal of political identity.
16/ "There is still a residual effect that cannot be accounted for by the political identity, which implies that face masks also carry an identity, one that is distinct from political identity.
17/ "Given recent discussions on vaccine passports and getting those who have been vaccinated to wear a sticker visible to others, our results suggest that such efforts might lead to the unintended politicization of vaccinations and undermine large-scale vaccination efforts."
18/ Related reading:

Media Slant is Contagious


Is Newspaper Coverage of Economic Events Politically Biased?


Polarizing impact of science literacy and numeracy on perceived climate change risks

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More from @ReformedTrader

25 Nov
1/ BST Holdings, LLC. v. OSHA (United States Court of Appeals, Fifth Circuit; Nov 12, 2021)

"This case concerns OSHA’s most recent ETS requiring employees of covered employers to undergo COVID-19 vaccination or take weekly COVID-19 tests & wear a mask."

casetext.com/case/bst-holdi…
2/ NOTE: The tone and degree of expressed certainty in this document runs counter to most of the academic papers I read (one reason I stay away from material sourced from politics and law).

As always, when policy makers are concerned, take everything with an extra grain of salt.
3/ "In its fifty-year history, OSHA has issued just ten emergency temporary standards (ETSs). Six were challenged in court; only one survived.

"We reaffirm our initial stay.
Read 13 tweets
25 Nov
1/ Failures of Pandemic Central Planning (Magness)

"Public health is acutely susceptible to knowledge problems, which foster the conditions for a public choice trap that causes proposed policy measures to become ineffectual or even counterproductive."

papers.ssrn.com/sol3/papers.cf…
2/ "The criticisms of Snow – that he bucked scientific consensus, that his water-borne transmission theory contradicted a self-evident effect of widely observed odors, that he threatened to undermine the Health Board’s solutions to cholera – parallels the 2020 pandemic response."
3/ "The governments of both the U.S. and U.K. effectively endorsed the catastrophic forecasts of the ICL model along with its prescriptive approach of forestalling massive casualties by enacting a series of lockdown-style NPIs intended to control the replication of the virus."
Read 18 tweets
25 Nov
1/ Effectiveness of Adding a Mask Recommendation to Other Public Health Measures to Prevent SARS-CoV-2 Infection in Danish Mask Wearers: A Randomized Controlled Trial

"95% confidence intervals are compatible w/ 46% reduction to 23% increase in infection."
acpjournals.org/doi/10.7326/m2…
2/ "During the study period (3 April to 2 June 2020), Danish authorities did not recommend masking. Use was uncommon (<5%) outside hospitals.

"Participants were randomly assigned to mask/control groups.

"Those in the mask group received 50 3-layer, disposable surgical masks."
3/ "Participants received follow-up surveys to collect information on antibody test results, adherence to recommendations on time spent outside the home, development of symptoms, COVID-19 diagnosis based on PCR testing done in public hospitals, and known COVID-19 exposures."
Read 8 tweets
24 Nov
1/ Institutional Investors and Stock Return Anomalies (Edelen, Ince, Kadlec)

"At the one-year horizon, institutions have a strong tendency to buy overvalued stocks (anomalies' short legs) and which have particularly negative ex-post abnormal returns."

papers.ssrn.com/sol3/papers.cf…
2/ SIH = sophisticated institutions hypothesis (agents trading in a way that exploits anomaly return predictability)

"We assign anomalies to seven broad categories, choosing the one from each category with the most reliable alpha (highest t-statistic) during our sample period."
3/ "Because our central hypothesis centers around how institutional investors modify their portfolios as stocks take on anomaly characteristics, we examine changes in holdings rather than levels. We focus on the number of institutions holding a stock rather than % shares held."
Read 18 tweets
22 Nov
1/ Combining Value and Momentum (Fisher, Shah, Titman)

"Simultaneously incorporating both value and momentum reduces transaction costs and better utilizes the information from unfavorably-ranked value and momentum stocks in a long-only portfolio."

papers.ssrn.com/sol3/papers.cf… Image
2/ Ranks are based on percentile of aggregate market cap that a stock is above for each factor.

Turnover = total amount bought or sold each month / portfolio size

Bid/ask spreads have fallen dramatically in the past few decades, so two estimates of transaction costs are used. ImageImageImageImage
3/ "Even though the percentage of aggregate market cap is similar for the small value and momentum portfolios, the small value portfolio tends to hold close to twice as many securities as the small momentum portfolio due to holding stocks with small market capitalizations." Image
Read 13 tweets
21 Nov
1/ Global Assessment of the Impact of Masking on COVID-19: A Country Level Comparative and Retrospective Analyses Using the Richards Model (Mamun, Vejerano)

"Laboratory and modeling studies did not translate to a measurable difference in the real world."

europepmc.org/article/ppr/pp…
2/ "We are unaware of studies assessing masks’ effectiveness using real cases from multiple countries.

"The filtration efficiency of ordinary surgical (~12%) or cloth-based masks (~10%) is inferior to high-efficiency masks (≥95%). Aerosol leakage is also higher due to poor fit.
3/ "The Richards model can reasonably estimate the time when a phase shift occurs during an outbreak (turning point, ti), the infection rate (r), the exponential nature of the epidemic (α).

"It applies best for a curve consisting of a single high peak and a turning point."
Read 17 tweets

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