Submitted by lorio on Thu, 2009-03-05 08:00
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.
Submitted by lorio on Sun, 2009-02-15 08:00
"Economics is the field that has used game theory the most broadly to understand bargaining, pricing, firm competition, incentive contracts, and more," explains Camerer, who is the Robert Kirby Professor of Behavioral Economics in Caltech's Division of Humanities and Social Sciences. "Almost all the analysis, however, assumes people plan ahead and carefully figure out what others will do, which often results in mathematical claims that are highly unrealistic cognitively."
Submitted by ksvitil on Wed, 2008-10-29 07:00
Brain-imaging studies reveal that voting decisions are more associated with the brain's response to negative aspects of a politician's appearance than to positive ones, says a team of researchers from the California Institute of Technology (Caltech), Scripps College, Princeton University, and the University of Iowa. This appears to be particularly true when voters have little or no information about a politician aside from their physical appearance.
Submitted by ksvitil on Tue, 2008-07-15 07:00
Some parents of children with autism evaluate facial expressions differently than the rest of us--and in a way that is strikingly similar to autistic patients themselves, according to new research by neuroscientist Ralph Adolphs of the California Institute of Technology and psychiatrist Joe Piven at the University of North Carolina at Chapel Hill.
Submitted by ksvitil on Mon, 2008-05-19 07:00
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.
Submitted by Anonymous (not verified) on Thu, 2008-05-08 07:00
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.
Submitted by Anonymous (not verified) on Wed, 2008-04-30 07:00
Caltech professors Michael Dickinson and Thomas Palfrey are among the 190 new fellows elected to the American Academy of Arts and Sciences this year. They join an assembly that was founded in 1780 by John Adams, James Bowdoin, John Hancock, and other scholars to provide practical solutions to pressing issues.
Submitted by Anonymous (not verified) on Wed, 2008-04-16 07:00
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.
Submitted by debwms on Mon, 2008-02-25 08:00
California Institute of Technology President Jean-Lou Chameau and Pulitzer Prize-winning journalist Usha Lee McFarling will be the featured speakers at the sixth annual Caltech Science Writing Symposium. The topic of their conversation will be the importance and challenges of communicating science to the general public.
Submitted by ksvitil on Mon, 2008-01-14 08:00
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.