News articles tagged with "decision_making"

07/07/2014 12:00:03
Kimm Fesenmaier
Investment magnate Warren Buffett has famously suggested that investors should try to "be fearful when others are greedy and greedy only when others are fearful." That turns out to be excellent advice, according to the results of a new study.
05/20/2014 10:56:25
Cynthia Eller
"Would Thomas Edison Receive Tenure?" This was the provocative title for a panel at the 2013 Annual Conference of the National Academy of Inventors (NAI), an organization founded in 2010 in partnership with the United States Patent and Trademark Office.
Photo of Morteza Gharib
02/05/2014 09:00:07
Kimm Fesenmaier
Caltech researchers have, for the first time, pinpointed areas of the brain that seem to serve as “arbitrators” between two decision-making systems, weighing the reliability of the predictions each makes and then allocating control accordingly.
12/27/2013 10:21:27
Cynthia Eller
Subjects were asked to observe the shifting value of a hypothetical financial asset and make predictions about whether it would go up or down, while simultaneously interacting with an "expert" who was also making predictions.
12/11/2013 15:54:26
Cynthia Eller
According to the new policy, all faculty members will automatically grant nonexclusive rights to the Institute to disseminate their scholarly papers, making wider distribution of their work possible and eliminating confusion about copyright when posting research results on Caltech's websites.
09/24/2013 21:29:22
Kathy Svitil
Colin Camerer, a behavioral economist at the California Institute of Technology whose work integrates psychology with economics experiments to understand how people behave when making decisions, has been named a MacArthur Fellow and awarded a five-year, $625,000 "no strings attached" grant.
09/18/2013 09:02:05
Kimm Fesenmaier
New neuroeconomic research at Caltech has found that the financial investors most likely to take a risk and fuel bubble markets are those with good "theory of mind" skills—those who are good at "putting themselves in others' shoes."
07/01/2013 12:00:04
Marcus Woo
Economists argue that the dominant players in a market almost always make well-informed and objective decisions. Psychologists, on the other hand, say that markets are not immune from human irrationality. Now, a new analysis shows that markets are indeed susceptible to psychological phenomena.
01/26/2013 18:47:21
Douglas Smith
Getting married and moving out of your parents' house may be key to your personal economic development, but are marriage patterns key to an entire society's development as well? Professor of Social Science History Tracy Dennison tells us what love's got to do with it at 8:00 p.m. on Wednesday, January 30, 2013, in Caltech's Beckman Auditorium. Admission is free.
01/14/2013 18:03:33
Marcus Woo
When offered spinach or a cookie, how do you decide which to eat? Do you go for the healthy choice or the tasty one? To study the science of decision making, researchers in the lab of Caltech neuroeconomist Antonio Rangel analyze what happens inside people's brains as they choose between various kinds of food. The researchers typically use functional magnetic resonance imaging (fMRI) to measure the changes in oxygen flow through the brain; these changes serve as proxies for spikes or dips in brain activity. Recently, however, investigators have started using a new technique that may better tease out how you choose between the spinach or the cookie—a decision that's often made in a fraction of a second.
11/25/2012 17:21:18
Marcus Woo
A team led by Colin Camerer and Shinsuke Shimojo has found a way to predict the severity of hindsight bias and has identified a technique that successfully reduces it.
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