Caltech's new assistant professor of economics studies dynamic matching markets—those in which prices aren't the primary drivers and in which each side of a transaction has to be chosen by the other side.
In studying the brain activity of test subjects as they decided to make either generous or selfish choices in range of circumstances, Caltech researchers found that a simple computational model could explain and understand altruistic behavior.
Financing is done in much more flexible and efficient ways today than it was 30 years ago due to innovations in financial economics. Recognizing this area's importance to both academia and society, Caltech is developing a curriculum around the study of finance.
It is often said that people who do not learn from history are doomed to repeat it. John P. O'Doherty, professor of psychology and director of the Caltech Brain Imaging Center, discusses our current understanding of how we learn from experience.
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.
"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.