The humanities' interest in the material has given rise to a new collaboration between Caltech and the Huntington Library, a two-year pilot program exploring texts and images through the lens of the material.
Today Caltech announced the appointment of Thomas F. Rosenbaum as the Institute's ninth president. Dr. Rosenbaum is currently the John T. Wilson Distinguished Service Professor of Physics and provost at the University of Chicago.
Determining cause and effect is complex and fraught with difficulty, from our intuitive—but often mistaken—sense of the causes of events in our daily lives to the perils of structuring and interpreting scientific experimentation. One problem with teasing apart these relationships is that there are many cause-and-effect sequences that we can only observe; we cannot meaningfully intervene, which may make it more problematic to test causal relations.
Colin Camerer, a behavioral economist at the California Institute of Technology whose work integrates psychology with economics experiments to understand how people behave when making decisions, has been named a MacArthur Fellow and awarded a five-year, $625,000 "no strings attached" grant.
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.
To expand its involvement in online learning, the California Institute of Technology will offer courses through the online education platform edX beginning this October.
The edX course platform is an online learning initiative launched in 2012 by founding partners Harvard University and the Massachusetts Institute of Technology (MIT). Caltech's rigorous online course offerings will join those of 28 other prestigious colleges and universities in the edX platform's "xConsortium."
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.
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.