News articles tagged with "HSS"

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 be greedy only when others are fearful." That turns out to be excellent advice, according to the results of a new study by researchers at Caltech and Virginia Tech that looked at the brain activity and behavior of people trading in experimental markets where price bubbles formed. In such markets, where price far outpaces actual value, it appears that wise traders receive an early warning signal from their brains—a warning that makes them feel uncomfortable and urges them to sell, sell, sell.
09/18/2013 09:02:05
Kimm Fesenmaier
During financial bubbles, such as the one that centered around the U.S. housing market and triggered the Great Recession, some investors react differently than others. New neuroeconomic research at the California Institute of Technology (Caltech) has found that the 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." They think the most about the motives behind prices and what other people in the market are likely to do next, but during bubble markets, that actually becomes risky behavior.
09/13/2013 09:52:55
Jessica Stoller-Conrad

To expand its involvement in online learning, the California Institute of Technology will offer courses through the online education platform edX beginning this O

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.
04/19/2013 09:27:06
Kimm Fesenmaier
Catherine Bingchan Xie, a senior bioengineering major and English minor at Caltech, has been selected to receive a Gates Cambridge Scholarship, which will fund her graduate studies next year.
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
In a new study, recently published online in the journal Psychological Science, a team led by Colin Camerer and Shinsuke Shimojo not only found a way to predict the severity of the bias, but also identified a technique that successfully reduces it—a strategy that could help produce fairer assessments in situations such as medical malpractice suits and reviewing police or military actions.
11/12/2012 00:18:16
Marcus Woo
For speed daters, first impressions are everything. But it's more than just being hot or not. Whether or not we like to admit it, we all may make snap judgments about a new face. Perhaps nowhere is this truer than in speed dating, during which people decide on someone's romantic potential in just a few seconds. How people make those decisions, however, is not well understood. But now, researchers at the California Institute of Technology (Caltech) have found that people make such speed-dating decisions based on a combination of two different factors that are related to activity in two distinct parts of the brain.
10/28/2012 16:38:27
Marcus Woo
This fall, Jennifer Jahner joined Caltech as an assistant professor of English. As an undergraduate, she planned to study environmental science at Western Washington University. But as a lifelong reader, she couldn't elude the lure of literature, and she ended up majoring in English instead, receiving her BA in 1998. Afterward, she spent several years as a book editor before returning to academia as a graduate student at the University of Colorado, Boulder, where she took a seminar on medieval literature—a class that she says changed her life. Discovering a passion for the time period and for studying old, rare manuscripts, she got her MA in 2005 and then went to the University of Pennsylvania, where she received her PhD last spring. Jahner recently answered a few questions about her research and her thoughts on joining Caltech.
10/18/2012 06:04:16
Marcus Woo
Thanks to better voting technology over the last decade, the country's election process has seen much improvement, according to a new report released today by researchers at Caltech and MIT. However, the report notes, despite this progress, some problems remain.
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