We present a dynamic model of trading under adverse selection. A seller faces a sequence of randomly arriving buyers. Each buyer receives a noisy signal about the quality of the asset and offers a price. We show that there is generically a unique equilibrium and characterize the resulting trading dynamics. Buyers’ beliefs about the quality of the asset gradually increase or decrease over time, ...

Gustatory responses to the basic taste substances (sweet, salty, sour and bitter) were studied in hypothyroid and hyperthyroid subjects. The intensity and hedonic responses were evaluated using "category scaling" for 7 concentrations of glucose, sodium chloride, citric acid and quinine sulphate. The intensity and hedonic values decrease in hyperthyroidism for salt and bitter solution, and sourn...

The incidence of external and internal bitter pit in ‘Cox’s Orange Pippin’ apple (Malus domestics Borkh.) fruit sprayed with normal therapeutic sprays either with or without Ca salts at 2-week intervals during the growing season was determined after 6 weeks of storage over 7 consecutive years. Following harvest, fruit was either vacuum-infiltrated with CaCI2 or received no further treatment. Al...

background & aim: nowdays consumers prefer to eat healthier foods, therefore producers and researchers are involved to improve the variety, quality, taste of food products. lemon balm is a perennial, aromatic, herb that contains many phenolic compounds. in this research the effect of additing lemon balm powder (by reducing of wheat flour in formulation, instead) on qualities of sponge cakes...

Background Exhaustive exercise causes muscle damage accompanied by oxidative stress and inflammation leading to muscle fatigue and muscle soreness. Lemon verbena leaves, commonly used as tea and refreshing beverage, demonstrated antioxidant and anti-inflammatory properties. The aim of this study was to investigate the effects of a proprietary lemon verbena extract (Recoverben®) on muscle streng...

Conventional taste-masking strategies are used to overcome the bitter taste perception of pharmaceuticals by coating the drug particles and/or adding flavoring agents. However, for certain product categories such as rapid dissolve sublingual tablets, taste-masking is challenging. Programs exploring such formulation strategies in the LO-CS phase or post CS phase possess very little toxicological...

BACKGROUND Bitter herbs are important in Traditional Chinese Medicine and the Electronic Tongue (e-Tongue) is an instrument that can be trained to evaluate bitterness of bitter herbs and their constituents. The aim of this research was to evaluate bitterness of limonoids and alkaloids from Evodia rutaecarpa to demonstrate that they are main bitter material basic of E. rutaecarpa. METHODS Nine...

Rejection of bitter substances is common in many species and may function to protect an animal from ingestion of bitter-tasting toxins. Since many plants are bitter, it has been proposed that high tolerance for bitterness would be adaptive for herbivores. Earlier studies conducted on herbivorous guinea pigs (Cavia porcellus) have been used to support this proposal. We tested guinea pigs with bi...

The levels of quinolizidine alkaloids in lupin seeds vary depending on the botanical and geographical origin of the lupin variety from which theyderive. “Bitter lupins” produce seeds which have a bitter taste due to the higher levels of quinolizidine alkaloids they contain. Bitter lupin seeds are not suitable for human consumption without appropriate pre-treatment (“debittering”). Lupin varieti...

In this study, amygdalin contents in the seeds of ten different bitter or sweet apricot cultivars were determined by high performance liquid chromatography (HPLC) for two years. The seeds of apricot cultivars were obtained from the Malatya Fruit Research Institute in Turkey. The results indicated that genetic variation was found among the cultivars. The amygdalin contents of bitter cultivars we...