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April 20, 2017

Alumnus Reflects on Caltech Mentors including Linde Institute Director Jaksa Cvitanic

When Sam Barnett (BS ’12) was an undergraduate at Caltech, he began doing independent research with Jaksa Cvitanic, Richard N. Merkin Professor of Mathematical Finance and Director of The Ronald and Maxine Linde Institute of Economic and Management Sciences. As a mentor, Cvitanic would discuss ideas with Barnett and encouraged him to approach an investment opportunity as an experiment.

“Jaksa introduced me to my first investor, and the summer after my sophomore year I began managing $2 million,” said Barnett. “I discovered that I loved the experiment. I launched SBB Research Group the following year and started looking for my first employee.”

Barnett is now CEO of his investment firm near Chicago and a doctoral candidate in neuroscience at Northwestern University. Read the full story from the Caltech “Breakthrough” Campaign here.


March 17, 2017

The Linde Institute Sponsors the Southern California Private Equity Conference

On March 10, 2017, researchers and practitioners convened at what has become an annual gathering to present and discuss emerging research on private equity. Organized by Caltech’s Associate Professor of Finance and Entrepreneurship Michael Ewens, with support from The Ronald and Maxine Linde Institute of Economic and Management Sciences, and collaborators at the University of Southern California’s Marshall School of Business and the Rady School of Management at the University of California, San Diego, the conference on the USC campus drew more than 40 participants. 

Researchers from Harvard, Arizona State University, University of Texas at Austin, University of Washington, Notre Dame, and Ohio State presented new academic papers exploring topics such as the economics of the private equity partnership, the increased prevalence of mutual funds in private equity, and changes in the angel finance market. A complete list of presentation topics is available on the conference schedule.

This annual conference gives authors the opportunity to present relatively early work in front of a small, receptive audience willing to provide valuable feedback at a critical stage in a project’s life. It is open to graduate students from the organizing institutions, which provides these young researchers with the opportunity to see how early-stage research is presented and to network with active academics in finance.


 December 15, 2016

Inaugural Innovation Week Inspires Future Caltech Entrepreneurs

The Ronald and Maxine Linde Institute of Economic and Management Sciences co-sponsored Caltech’s Innovation Week 2016, which was organized by the Caltech Office of Technology Transfer and Corporate Partnerships. The week (November 28 to December 2) included panel discussions and lectures on topics ranging from technology commercialization and entrepreneurship to startup creation and fundraising.

The majority of speakers were Caltech alumni who are now active entrepreneurs, innovators, and investors. The impressive list of participants included:

  • Nan Boden (PhD ’93), Head of Global Technology Partners at Google
  • Amanda Cashin (PhD ’06), Co-Founder and Head of Illumina Accelerator
  • Nancy Hong (BS), Managing Director at RiverVest Venture Partners
  • Wen Hsieh (BS ’94, PhD ’00), U.S. General Partner & China Managing Partner at Kleiner Perkins Caufield & Byers
  • Aditya Rajagopal (BS/PhD ’13), Founder and Chief Technology Officer at ChromaCode
  • Garrett Reisman (MS ’92, PhD ’97), former NASA Astronaut, current Director of Crew Operations at SpaceX

On opening night, Caltech's chief innovation and corporate partnerships officer Fred Farina (MS '92) explained the motivation behind the week’s events: “We want to continue to create an environment here on campus that encourages and fosters innovation and the transfer of ideas from labs to the commercial sector… My hope is that during this Innovation Week you, the students who are here, will learn about how to take an early stage idea into the commercial sector, but also see the number of paths that a Caltech degree can take you on—and there are many."

For more information on Innovation Week 2016 and a full list of guest speakers, please visit the event website and read the Caltech News story.


 November 9, 2016

Meet the 2016-2017 Linde Institute Graduate Fellows

The Division of the Humanities and Social Sciences (HSS) is pleased to introduce its graduate fellowship recipients for the 2016–2017 academic year. Funding for these fellowships comes from The Ronald and Maxine Linde Institute of Economic and Management Sciences (The Linde Institute) and the HSS Chair's Council, as well as the Resnick Sustainability Institute at Caltech. Four of the five graduate fellows are in their fifth year in HSS's social sciences PhD program and are currently on the job market.     

Linde Institute Fellows

Tatiana Mayskaya summarizes her research as follows: "There are many situations where an individual has the opportunity to use different sources to gather costly information before choosing among a set of alternatives. As economists, we mostly care about the final choice of such an individual. However, this choice depends on how this individual learns—specifically which information source he uses and how much. I study the learning process from a theoretical point of view. The main goal of my research is finding the optimal learning strategy under the assumption that the individual can change the sources during the information collection as often as he wants."

Jun Zhang is broadly interested in microeconomics and game theory, with a special focus on matching theory. He is currently working on a project that studies the effect of heterogeneous sophistication on students' behavior in public school choice. Zhang plans to evaluate the performance of the mechanisms running in practice and to provide policy suggestions based on his research.

HSS Chair's Council Fellows

Welmar Rosado-Buenfil examines elections and public finance, with research interests that include political economy, voting behavior, and applied econometrics. His job market paper, titled "Political Credit Rating Cycles: Evidence from Gubernatorial Elections in Mexico," investigates whether credit rating agencies adjust the timing of their rating announcements as a function of the electoral calendar. He has developed a formal model of the political credit rating game and constructed a database of credit ratings of Mexican states to estimate panel models for gubernatorial elections in Mexico for 2005 to 2015. According to Rosado-Buenfil, "Both formal and empirical results indicate that credit rating agencies delay announcing rating downgrades until after elections, especially when elections are very competitive."

Myungkoo Song studies how incentive schemes—pay-for-performance and promotion—interact with each other and affect executive behavior. He explains, "In particular, I focus on when promotion incentives can contribute to the rise in CEO compensation and the widening wage gap between CEO and other top executives. Moreover, I study what is the proper measure of promotion incentives."

Resnick Sustainability Institute Graduate Research Fellow

Hao Zhao is currently in his third year in Caltech's social sciences PhD program. The Resnick Sustainability Institute awarded Zhao a graduate fellowship to continue his research analyzing underground water management rules across various basins in California. This research requires a thorough understanding of hydrological conditions of underground basins as well as the engineering constraints in groundwater monitoring and transfer. Zhao aims to develop feasible strategies for sustainable and efficient water management, particularly with respect to drought conditions in California.


 August 12, 2016

Developing Realistic Models of Financial Markets:
A Conversation with Lawrence Jin

Lawrence Jin (MS '06) is a new assistant professor of finance at Caltech. Born in Beijing, China, Jin studied physics and mathematics at Tsinghua University, earning bachelor's degrees in both fields in three years. In 2005, he came to the United States and earned a master's degree in electrical engineering at Caltech. Then he tried something completely different, spending a few years working as a research and trading analyst on Wall Street. Ultimately, he opted to pursue academic finance and earned his doctorate in financial economics at Yale University.

Jin's arrival at Caltech marks an important step in building a finance faculty to support Caltech's Business Management option and to expand the research activities of the Ronald and Maxine Linde Institute of Economic and Management Sciences. In the spring term, Jin taught courses in Behavioral Finance (BEM 114) and Asset Pricing Theory (SS 215).

Caltech News recently sat down with Jin to discuss the types of problems he is interested in, how psychology and neuroscience can help inform financial models, and what brought him back to Caltech. Read the full interview here.


July 18, 2016 

The Linde Institute Awards Four Graduate Summer Fellowships

The Ronald and Maxine Linde Institute of Economic and Management Sciences is pleased to announce the selection of four students in Caltech’s Social Sciences PhD program to receive graduate fellowships to support their research this summer. The 2016 Linde Institute Summer Fellows are Jun Chen, Marcelo Fernandez, Pengfei Sui, and Jun Zhang.

Jun Chen’s general research interest lies in entrepreneurship and entrepreneurial finance. Currently, he is working on projects related to equity crowdfunding. For example, one question he is currently studying is what market mechanism can mitigate information asymmetry in equity crowdfunding. This summer, he is developing projects related to venture capital and angel investing and studying questions such as how venture-capital–backed companies are different from those backed by other sources.

Marcelo Fernandez works in the area of market design. He is interested in understanding how agents behave in markets according to the rules that govern them and how this information is used to (re)design institutional frameworks so that they are conductive to desirable outcomes. By looking at behavior through the lenses of regret avoidance, his research explores why a particular set of market rules performs well in practice, despite the theoretical availability of opportunities to “game the system.” During the coming months, he plans to design and implement a laboratory experiment to help validate his research results.

Pengfei Sui’s research interests include asset pricing and behavioral finance. In his third-year paper, he built a continuous-time dynamic equilibrium model of incorrect beliefs to explain a broad set of facts, including the high volatility during bubble episodes, negative correlation between subjective expectations of returns and model-implied expected returns, and countercyclical Sharpe ratio. In the next stage of his research, he plans to test investors’ belief biases in the markets, with a special interest in using structural models from industrial organization literature.

Jun Zhang researches microeconomic theory. This summer, he is working on a project that compares different mechanisms of assigning children to public schools. In particular, he studies how heterogeneous sophistication of children and their parents affects the performance of different mechanisms. 


June 21, 2016

Congratulations to the Class of 2016

On June 10, Caltech celebrated the accomplishments of the Class of 2016 at the Institute’s 122nd commencement exercises. Almost ten percent of the graduating seniors (22 out of 249) completed an option (major) in Business, Economics, and Management (BEM) or Economics in the Division of the Humanities and Social Sciences (HSS). They include three seniors with BEM as their first and only option and one in Economics. The remaining 18 graduated with BEM or Economics as one of two options (double major). 

Within this impressive group, graduates’ next steps beyond Caltech include:

  • Studying synthetic biology as a Marshall Scholar at the University of Edinburgh and continuing on at Imperial College London to complete a master's degree in science communication
  • Attending medical school to pursue a joint MBA/MD program with the plan to add an MS/PhD in economics
  • Pursing a PhD in chemistry at the Scripps Research Institute in La Jolla
  • Joining a multinational semiconductor company as a business planning engineer
  • Working at Google as a software engineer
  • Continuing at Caltech for a master’s degree in Electrical Engineering
  • Working at SpaceX as a launch engineer
  • Joining a startup hedge fund in New York
  • Becoming a trading analyst for Bank of America, Merrill Lynch, in New York
  • Starting work as a risk analyst at an asset management firm
  • Interning in risk management at an asset management company
  • Joining the sales and trading team at Goldman Sachs in San Francisco

The Ronald and Maxine Linde Institute of Economic and Management Sciences and the Division of the Humanities and Social Sciences wish these and all members of Caltech’s Class of 2016 the best of luck in their future endeavors. 


June 13, 2016

Caltech Social Scientist Receives 2016 Distinguished Alumni Award

When Janet Campagna arrived at Caltech in 1983, she had already taken the unexpected path. First, she had come to study social science in a department that was still a young, small island within a campus devoted to science. She was also the only woman in her class. 

Thirty years later, Campagna is still charting new territory. As the founder and CEO of QS Investors, she is among a very small group of women who lead investment firms. 

Read more here.


May 13, 2016

Caltech Team Finishes in the Top Five of the CQA Investment Challenge

The Chicago Quantitative Alliance (CQA) holds an annual Student Portfolio Contest, in which teams of university students manage virtual hedge funds for several months. Caltech participated for the first time last year, which you can read about here. This year, Caltech was represented by Justin Leong ’17 (computer science), Dunzhu Li (PhD candidate in geophysics), and Daodi Lu (PhD candidate in mathematics). Lecturer in Economics Kenneth J. Winston (Caltech BS ’73, MS ’74) – who also works at Western Asset Management in Pasadena – served as their mentor. During the investment challenge, the teams manage portfolios subject to strict requirements using investment algorithms they have designed. In addition to running their portfolios, they are required to submit a video presentation as if they were pitching to potential investors. The winning team is selected through an analysis of its risk-adjusted returns and absolute return and an evaluation of its strategy presentations. The Caltech team, which came in ninth last year, finished in fifth place out of 32 teams in the most recent competition. Check out their challenge video here.


May 6, 2016

Why We Do What We Do: A Conversation with Omar Tamuz

Omer Tamuz, who joined HSS as an assistant professor of economics and mathematics in the summer of 2015, studies how people make decisions based on what they know and what they don't know, and how they exchange this information with one another. He recently spoke with Caltech News about mathematical models of behavior and life as a new member of the Caltech faculty. To read this interview, click here.


March 21, 2016

The Linde Institute Sponsors Second Annual Caltech/USC Private Equity Conference

On March 18, 2016, researchers and practitioners gathered at Caltech to present and discuss emerging research on private equity at the second annual Caltech/USC Private Equity Finance Conference. In collaboration with the USC Marshall School of Business and with the support of The Linde Institute, the conference was attended by over 30 people. 

The conference included five new academic papers presented by researchers from Harvard, Dartmouth, and Ohio State, with a focus on the economics of the private equity partnership and the new secondary market in private equity fund shares. Academics from the Stanford Graduate School of Business, MIT, and UNC also participated.

A unique feature of this second annual conference was the opportunity for authors to present relatively early work in front of a small, receptive audience willing to provide valuable feedback at critical stages in a project’s life. The conference was open to graduate students from both Caltech and USC, allowing young researchers to see how early-stage research is presented and to network with active academics in finance.


March 14, 2016

New Director of the Linde Institute: A Conversation with Jaksa Cvitanic

Jaksa Cvitanic, the Richard N. Merkin Professor of Mathematical Finance at Caltech, has been appointed director of The Ronald and Maxine Linde Institute of Economic and Management Sciences. An expert in financial economics, Cvitanic has interest in The Linde Institute's three core research areas: namely finance, entrepreneurship, and the interaction between computer science and economics. His goal in the role is to help The Linde Institute continue to create an environment for interdisciplinary and creative research and education in business and economics.

Cvitanic grew up in Croatia and earned his BS and MS, both in mathematics, from the University of Zagreb. He came to the United States in 1988 and completed his MPhil and PhD in statistics at Columbia University. Later, he held faculty positions at Columbia University and at the University of Southern California (USC) before coming to Caltech in 2005. He was named the Merkin Professor in 2013.

Caltech News recently sat down with Cvitanic to talk about his work and his new position with the Linde Institute. Read the full Caltech News story here, which also appears on Pasadena Now here.


 January 15, 2016

 

The Linde Institute Internship Opportunities for Summer 2016

The Linde Institute is pleased to announce its internship opportunities are expanding for Caltech students interested in business, economics, and management (BEM).  The Summer Undergraduate Startup Internship program (SUSI) continues for its second year with new opportunities.  The new Summer Undergraduate Finance Internship (SUFI) program connects undergraduates with Caltech alumni and their financial firms in New York to explore potential internships. Learn more about the programs here and read the Caltech News feature on the 2015 SUSI interns here.


 December 23, 2015

Hard Work Meets Hard Knocks: Caltech's SUSI Program

Caltech's students are familiar with hard work. Mastering the intricacies of demanding fields of study can be difficult. Being able to apply this hard-won education to make an impact in the business environment outside of academia can be equally challenging—and is not a lesson typically taught inside an academic environment. The Linde Institute’s Summer Undergraduate Startup Internship program (SUSI) is designed to bridge this gap by placing talented undergraduates in their first or second summer at Caltech into 10-week internships in real-world entrepreneurial environments. Read the full Caltech News story here.


 October 19, 2015

The Science of Economics

John Ledyard talks about work that he and his colleagues, Tom Palfrey, Charles Plott, and Leeat Yariv, have completed over the last decade with the support of the Gordon and Betty Moore Foundation that has enabled researchers to create and run experiments in the lab to test all sorts of market systems involving social interactions—everything from the effect of inequality on tax rates to the best way for the United Nations to auction off pallets of natural rubber in Vietnam. Read more here.


September 1, 2015

Assistant Professor of Finance Lawrence Jin Joins The Linde Institute Faculty

The Ronald and Maxine Linde Institute of Economic and Management Sciences is pleased to welcome Lawrence Jin to Caltech as a member of its Core Faculty. Jin received his Ph.D. in Financial Economics from Yale University in May 2015. His research focuses on asset pricing, behavioral finance, financial intermediaries, and household finance, and it has been published in the Review of Financial Studies and the Journal of Financial Economics. The Q-Group awarded Jin’s JFE paper, "X-CAPM: An Extrapolative Asset Pricing Model," its 2014 Jack L. Treynor Prize, which recognizes superior academic research with important applications in the fields of investment management and financial markets. Based on his job market paper "A Speculative Asset Pricing Model of Financial Instability," Jin was selected as one of six Ph.D. graduates to receive the annual AQR Top Finance Graduate Award, described on AQR’s website as recognizing “the most promising finance PhD graduates in 2015—specifically, graduate students specializing in financial economics whose dissertation and broader research potential carry the greatest promise of making an impact on the finance practice and academia.” 

Jin holds a B.S. in Mathematics and Physics from Tsinghua University and a M.S. in Electrical Engineering from Caltech. Prior to attending Yale, he spent two years as a research and trading analyst at Citigroup. Jin begins teaching at Caltech in the spring of 2016 with Behavioral Finance (BEM 114) and Asset Pricing Theory (SS 215).  His office is located in Baxter Hall.


 July 28, 2015

Interview with Ronald Linde (M.S. '62, Ph.D. '64)

Through the enormous generosity of Ronald Linde and his wife, Maxine, Caltech established The Ronald and Maxine Linde Institute of Economic and Management Sciences in 2011. In a recent conversation with Caltech professor of economics and political science Erik Snowberg, Linde talked about his own experience as a student at Caltech and later in business, as well as his thoughts on the important role and future of The Linde Institute. Read the interview here.


 July 23, 2015

The Linde Institute’s Graduate Fellowship Program Completes a Successful First Year

During Caltech’s 2014-2015 academic year, The Linde Institute awarded its first graduate fellowships to two Caltech social science Ph.D. candidates, third-year graduate student Myungkoo Song and fifth-year Khai Xiang Chiong.  The Linde Institute grants two-quarter fellowships in one or more of its three areas of research concentration: finance; entrepreneurship; and economics and computer science. Read more about the first Linde Institute Fellows here.


 June 16, 2015

Building a Program: Financial Economics

Financing can be done today in much more flexible and efficient ways than 30 years ago, partly due to innovations rooted in financial economics. Concepts such as mortgage securitization, interest rate swaps, and money market funds originated in academia during the 1970s as economists sought to combat the effects of that decade's recession. Recognizing the importance of this area to both academia and society, Caltech is developing a curriculum around the study of finance.

At the foundation of these efforts is The Ronald and Maxine Linde Institute of Economic and Management Sciences, Caltech's hub for research and education in business and economics, funded in 2011 by a gift of $12.3 million from trustee Ron Linde (MS '62, PhD '64) and his wife, Maxine. Financial economics has ties to diverse fields, including behavioral economics, neuroeconomics, applied mathematics, and computer science. These are fields in which Caltech traditionally excels, providing Linde Institute researchers with unique opportunities for interdisciplinary studies. Read more here.


May 19, 2015

The Linde Institute Sponsors First Annual Caltech + Finance Symposium

The Ronald and Maxine Linde Institute of Economic and Management Sciences sponsored the inaugural Caltech + Finance symposium on May 1, 2015, to celebrate the Institute’s eminent history and bright future in economics and finance.  Caltech faculty, students and alumni came together with colleagues from other universities and industry to hear insights from three of Caltech’s most distinguished alumni:  Robert J. Barro (BS '65), Robert C. Merton (MS '67), and Stephen A. Ross (BS '65).  Additional information about Caltech + Finance 2015 can be found here.


 May 15, 2015

The Linde Institute’s Richard Roll and Michael Ewens Lead Panel Discussions at “Cancer Megafund” Working Group

On April 29, 2015, more than 50 scientists, entrepreneurs, attorneys, and medical doctors convened at Caltech to discuss the founding of a “cancer megafund” whose purpose would be to support early-stage cancer research. The one-day workshop was sponsored in part by The Linde Institute. 

MIT’s Andrew Lo, who first proposed the idea of creating the megafund in 2012, welcomed the attendees to Caltech’s Athenaeum and provided a vision of why such a megafund is desperately needed but is not being supplied by other entities such as large pharmaceutical firms. Richard Roll, Linde Institute Professor of Finance, and Michael Ewens, Associate Professor of Finance and Entrepreneurship, led panel discussions.   

Roll’s panel considered business and financing structures for the fund; the panelists were Derek Brunelle, Janet Campagna, Gifford Fong, Bruce Lehmann, and Anna Makki, all of whom are well known in the financial community. Ewens’s panel considered the perspectives of potential investors with panelists Vineer Bhansali, Neil Kumar, Alison Li, Tom Philipson, and Rich Wolf, each of whom is intimately familiar with the investment community. 

In addition, other speakers throughout the day included Nobel Laureate David Baltimore, Mark Davis of the Caltech chemical engineering division (one of the event organizers), doctors Stephen Furman (City of Hope) and Beth Karlan (Cedars-Sinai), and Pablo Legorreta of Royalty Pharma. A luncheon discussion about technology licensing was led by Fred Farina (Caltech), Jacob Levin (UC Irvine), Emily Loughran (UCLA), and George Megaw (City of Hope).

Davis, Ewens, and Roll have continued to work on the development of the fund, with help and encouragement from Lo. They have been engaging in a wide variety of discussions with attorneys and investors, have drawn up a plan for the governance of the fund, and have compiled a database detailing the probabilities and payoffs of cancer research projects that the fund would support. 


 March 26, 2015

Linde Institute’s Richard Roll Wins Onassis Prize in Finance

Richard Roll, Caltech’s Linde Institute Professor of Finance, has been named one of two recipients of this year's Onassis Prize in Finance. Awarded only once every three years, the Onassis Prizes honor the contributions of top thinkers in the fields of finance, international trade, and shipping. Read more here.


January 29, 2015

Caltech Students Compete in the Chicago Quantitative Alliance Investment Challenge

Each year, the Chicago Quantitative Alliance (CQA)—a professional organization of quantitative investment practitioners—holds an equity portfolio management competition in which teams of university students manage virtual hedge funds. The students invest in the real stock market over the course of several months using investment simulation software.  Each team also submits a written report and produces a video intended to attract prospective investors. The winning teams are selected based on absolute return, risk adjusted return and an evaluation of their strategy presentations.  For this year's challenge, the Caltech team includes graduate student Kevin Linghu and undergraduates Justin Leong and Hui Liu.  Linghu and Liu are former students of the quantitative risk management class taught by the team's faculty mentor, Kenneth Winston, Lecturer in Economics and the Chief Risk Officer at Western Asset Management Company.  Check out their challenge video here. Go Team Caltech! 


December 22, 2014

Alumni Panel: Insights into Finance Careers

On December 9, 2014, Caltech students convened to hear from an alumni panel about leveraging science and engineering degrees into successful careers in finance. Organized and moderated by Linde Institute Professor of Finance Richard Roll, the panel included the following prominent alumni:

  • Robert Gingrich, MS, PhD, theoretical physics; Risk Modeler/Manager, Western Asset Management Company
  • Jason Hsu, BS, physics; Co-Founder and Vice Chairman, Research Affiliates
  • Kenneth Winston, BS, MS, mathematics; Chief Risk Officer, Western Asset Management Company  

The panelists shared their experiences in making the transition from laboratory-based theoretical modeling and mathematical proofs to the world of business and high finance, where theories of decision making, risk management, and quantitative investing are applied in real time with real-world impacts. Read more here.


December 5, 2014

The Roland and Maxine Linde Institute of Economic and Management Sciences at Caltech and the USC Marshall School of Business are delighted to announce the first annual Caltech/USC Private Equity Finance Conference, scheduled to take place on the Caltech campus on April 10, 2015. This one-day conference will bring together leading academics studying private equity, venture capital and entrepreneurial finance. Please click here for more information.


 October 22, 2014

Cultivating Entrepreneurship: The Caltech Office of Technology Transfer and Corporate Partnerships

Four years ago, Professor Morteza Gharib became Caltech’s Vice Provost for Research. One of the offices under his leadership is the
Office of Technology Transfer and Corporate Partnerships (OTTCP). His extensive contributions to a wide array of engineering and research topics, ranging from fluid mechanics to bioinspired medical devices, as well as his recognized success as an entrepreneur, make him very well suited to lead this office. Read more about his work and the OTTCP here.


October 3, 2014

The Risk and Reward of Venture Capital: An Interview with Michael Ewens

Michael J. Ewens joined the Caltech faculty in the summer of 2014 as associate professor of finance and entrepreneurship after four years at the Tepper School of Business at Carnegie Mellon University. In an interview for Caltech News, Ewens explains how he discovered venture capital through a summer job in graduate school, and shares his plans for his future at Caltech. For the complete interview, please click here.


 September 29, 2014

Finessing Finance: An Interview with Richard Roll

Caltech appointed Richard W. Roll its Linde Institute Professor of Finance in 2014.  Roll joined the faculty in Caltech’s Humanities and Social Sciences Division to help expand its offerings in finance, after nearly 40 years at the UCLA Anderson School of Management exploring everything from interest rates to asset portfolios. In a September 2014 interview with Caltech News, Roll spoke about his research, his career, and his new position at Caltech. Please click here for the complete interview.


 September 24, 2013

Colin Camerer Named MacArthur Fellow

Colin Camerer, Caltech’s Robert Kirby Professor of Behavioral Economics, was awarded the prestigious, unrestricted MacArthur Foundation “genius grant” in 2013. Camerer is known for his novel approaches to neuroeconomics, including the application of technologies such as fMRI and electroencephalography to economics experiments. He becomes the 17th member of the Caltech faculty to have been granted a MacArthur Fellowship. Read more about his work and the nature of the prize in this news release and in the Los Angeles Times.


June 11, 2013

Katrina Ligett Receives Microsoft Research Faculty Fellowship

Katrina Ligett, Assistant Professor of Computer Science and Economics, is one of seven early-career faculty who have received 2013 Microsoft Research Faculty Fellowships. Ligett works on algorithms, particularly online algorithms, algorithmic game theory, and data privacy. The goal of the fellowship is to support academics in the field of computer science who are exploring breakthrough, high-impact research that has the potential to help solve some of today’s most challenging societal problems.


May 15, 2013

Katrina Ligett Receives NSF CAREER Award

Katrina Ligett, Assistant Professor of Computer Science and Economics, has been awarded the National Science Foundation's (NSF) Faculty Early Career Development (CAREER) Award for her 5-year project, “The Value of Privacy”. The CAREER program is NSF's most prestigious awards for junior faculty members. The level and 5-year duration of the awards are designed to enable awardees to develop careers as outstanding teacher-scholars. Awardees are chosen because they exemplify the role of teacher-scholars through outstanding research, excellent education and the integration of education and research within the context of the mission of their organizations.


 October 16, 2012

An Interview with Erik Snowberg

Caltech’s Erik Snowberg, a professor of economics and political science whose work involves, among other things, bringing insights from behavioral psychology to bear on the study of political institutions, behavior, and trends, was interviewed shortly before the 2012 election. Read his analysis and his take on election predictions here.


September 26, 2012

A Profile of Matthew Elliott

Matthew Elliott joined Caltech’s Division of the Humanities and Social Sciences in 2012 as an assistant professor of economics. Elliott's research focuses on mathematically modeling different kinds of networks. His research is part of the Social and Information Science Laboratory, which receives funding from The Linde Institute. In this profile, Elliott speaks about his work.


September 4, 2012

Colin Camerer Featured in the Chronicle of Higher Education

Linde Institute faculty member Colin Camerer’s groundbreaking work at the intersection of neuroscience and economics was highlighted in this 2012 feature from the Chronicle of Higher Education.


August 1, 2012

Forbes Names Caltech Undergrad Among All-Star Student Entrepreneurs

Sam Barnett, a 2012 Caltech graduate, achieved swift success in financial investment after some dabbling as an undergraduate led him to develop a computerized quantitative trading model and, under the mentorship of Linde Institute faculty member Jaksa Cvitanic, connect with a group of Taiwanese investors and start his own firm. He was featured in a 2012 Forbes special report among a group of other emerging student entrepreneurs.


Spring 2012

Katrina Ligett Spotlighted in E&S

Caltech’s Engineering & Science magazine featured Katrina Ligett, assistant professor of computer science and economics, along with other rising stars of the junior faculty in the spring of 2012. Read about her research and the transition from postdoc to professor in this interview.


January 26, 2011

Grant Enables Establishment of The Linde Institute

In 2011, an $8.2 million endowment established by Ronald and Maxine Linde, along with a $4.1 million addition from the Gordon and Betty Moore matching program, funded the creation of The Ronald and Maxine Linde Institute of Economic and Management Sciences, an initiative to bring together the best scientific minds and business practices in a cutting-edge research environment. Read the original announcement here.