Latest Colin Camerer Stories

Irrational Exuberance Observed When It Comes To Investing
2014-07-08 13:44:25

Brett Smith for redOrbit.com - Your Universe Online “(Investors) should try to be fearful when others are greedy and greedy when others are fearful,” Warren Buffett famously wrote in 2004. Now, a new study has confirmed that The Oracle of Omaha knew what he was talking about as researchers from Caltech and Virginia Tech have found that during economic bubbles, wise traders receive an early warning signal from their brains telling them to sell, according to a report in the...

chimpanzee game theory
2014-06-06 09:07:10

April Flowers for redOrbit.com - Your Universe Online As humans, we tend to take great pride in our position at the top of the food chain. A new study from CalTech, however, shows that, when it comes to competition, we might not rank as high as our cousins, the chimps. The findings, published online in Scientific Reports, found that chimps at the Kyoto University Primate Research Institute consistently outperformed humans in simple contests based on game theory. David Levine,...

2010-02-24 15:04:41

Brain images during money-transfer experiments show "rich" participants prefer to see others get financial windfall The human brain is a big believer in equality"”and a team of scientists from the California Institute of Technology (Caltech) and Trinity College in Dublin, Ireland, has become the first to gather the images to prove it. Specifically, the team found that the reward centers in the human brain respond more strongly when a poor person receives a financial reward than when a...

2010-02-08 15:25:00

Neuroscientists at the California Institute of Technology (Caltech) and their colleagues have tied the human aversion to losing money to a specific structure in the brain"“the amygdala. The finding, described in the latest online issue of the journal Proceedings of the National Academy of Sciences (PNAS), offers insight into economic behavior, and also into the role of the brain's amygdalae, two almond-shaped clusters of tissue located in the medial temporal lobes. The amygdala...

2005-12-09 09:25:00

Feelings take center stage when outcomes are unclear, imaging study reveals Investing money, getting married, switching jobs: All big decisions tinged with uncertainty, loaded with risk. Now, a new brain-imaging study finds that the higher the level of uncertainty, the more likely it is that emotion, not logic, will guide those choices. That may not always be such a bad idea, though, since "emotions have information in them, too," according to study author Colin Camerer, the Axline professor...

Word of the Day
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.