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.
03/05/2009 08:00:00
Lori Oliwenstein

When it comes to intellectual curiosity and creativity, a market economy in which inventors can buy and sell shares of the key components of their discoveries actually beats out the winner-takes-all world of patent rights as a motivating force, according to a California Institute of Technology (Caltech)-led team of researchers.

02/15/2009 08:00:00
Lori Oliwenstein
"Economics is the field that has used game theory the most broadly to understand bargaining, pricing, firm competition, incentive contracts, and more," explains Camerer.
05/19/2008 07:00:00
Kathy Svitil
In a strategic game, the success of any player depends not just on his or her own actions, but on the behavior of every other player in the game. To be successful, players must not only pay attention to what other players do, but also how they are thinking.
05/08/2008 07:00:00
elisabeth nadin
In the biblical story in which two women bring a baby to King Solomon, both claiming to be the mother, he suggests dividing the child so that each woman can have half. Solomon's proposed solution, meant to reveal the real mother, also illustrates an issue central to economics and moral philosophy: how to distribute goods fairly.
04/16/2008 07:00:00
elisabeth nadin
Your brain gets a better workout when you change your routine, say scientists at the California Institute of Technology who have pinpointed one particular circuit that activates your ability to execute a decision. This finding may help drive research in neural prosthetics and in how unhealthy decisions are made.
 
03/25/2008 07:00:00
Kathy Svitil
Even flies like video games--and it's not just child's play, say scientists at the California Institute of Technology. With the help of a unique bug-sized flight simulator, Caltech researchers are deciphering the secrets of behavior and decision making in the fly brain, and, ultimately, in our own.
 
02/12/2008 08:00:00
Kathy Svitil
The eyes may be the windows to the soul, but the simple pupil--the circular opening at the center of the eye that contracts and dilates to regulate the amount of light the eye receives--offers a remarkable portal to the inner workings of the brain. Such is the conclusion of neurobiologist Christof Koch of the California Institute of Technology and his colleagues, who have found that changes in pupil diameter correspond to the moment when a simple decision is made.
 
01/14/2008 08:00:00
Kathy Svitil
A rose by any other name might smell as sweet, but slap on a hefty price tag, and our opinion of it might go through the roof. At least that's the case with the taste of wine, say scientists from the California Institute of Technology and Stanford University.
 
12/03/2007 08:00:00
Kathy Svitil
Studies of the snap judgments we often make about people are shedding new light not only on social behavior, but also on drug abuse, gambling addiction, and other disorders in which our ability to make decisions is impaired, say scientists at the California Institute of Technology.
 
11/14/2007 08:00:00
Kathy Svitil
Scientists at the California Institute of Technology have deciphered the activity of an area of the brain that could one day prove vital in the development of neural prostheses--within-the-brain implants that would translate thought into movement in paralyzed patients. The results of this study were published as the featured article in the November 8 issue of Neuron.
 
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