Colin Camerer focuses on brain behavior during decision making, strategizing and market trading. He is the Robert Kirby Professor of Behavioral Finance and Economics at the California Institute of Technology. A child prodigy in his youth, Camerer received a B.A. in quantitative studies from Johns Hopkins when he was just 17 and a PhD in decision theory from the University of Chicago Graduate School of Business when he was 22. Camerer's research departs from previous theory in that it does not assume the mind to be a rational and perfect system, but rather focuses on the limitations of everyday people when they play actual games, and seeks to predict how they will behave in situations that involve strategy. His studies focus on neurological findings from economic experiments in the lab (on humans -- and monkeys!) Camerer is the author of Behavioral Game Theory.
“Colin Camerer's Behavioral Game Theory is a major achievement. Nothing like it is available thus far. ... [Camerer] has taken the trouble to 'talk through' hundreds of tricky arguments that elsewhere just get stated mathematically.” — David G. Pearce
[youtube=http://www.youtube.com/watch?v=uKByBgqxOw4&w=560&h=315] Six TED speakers have been recognized in the 2013 class of MacArthur Fellows. Each recipient will heretofore be unofficially known as a “genius” and will very officially receive a no-strings-attached prize of $625,000 to support his or her creative instincts for the benefit of society. We salute all 24 of this year’s winners, of […]
Continue reading[ted id=1701] How do we negotiate when to sell a stock, whether to rat out a partner in crime, how to play a poker hand, or what to ask for when negotiating a job offer? In each of these situations, the actions of others will greatly affect our outcomes — and yet, we have no […]
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