09/19/2014 08:00:00
Kimm Fesenmaier
Neuroeconomists recognize that while decision making is complex and a bit messy, it is also so central to our daily lives that a better understanding could greatly enhance our grasp of human nature.
image of a man in a bowler hat facing away
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.
05/06/2014 06:02:16
A new $15 million gift by Lynda and Stewart Resnick in support of the Resnick Sustainability Institute at Caltech will help scientists and engineers advance research aimed at helping humanity sustainably meet its needs.
04/28/2014 13:43:46
Katie Neith
Building on their prior work, a team of neuroscientists at Caltech now report that rare patients who are missing connections between the left and right sides of their brain show a strikingly high incidence of autism.
01/22/2014 09:59:48
Douglas Smith
Lance Edwin Davis, Caltech's Mary Stillman Harkness Professor of Social Science, Emeritus, passed away on Monday, January 20, 2014, at age 85. Davis was instrumental in establishing Caltech's social science doctoral program, one with a uniquely mathematical approach.
01/13/2014 10:38:05
Douglas Smith
Jean Ensminger, Caltech's Edie and Lew Wasserman Professor of Social Sciences, is studying a corruption network linked to aid money, using interviews and quantitative analytical methods to follow the money disbursed by a large World Bank project in Africa.
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.
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.
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