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With the coronavirus pandemic upon us, people are readily forming new habits, such as washing their hands more frequently and communicating with colleagues over video platforms like Zoom.

Some people like to take random walks through the woods, while others might stroll through their own neighborhood.

By the early 2000s, it had become clear that markets—places where people have exchanged money and goods for thousands of years—were becoming increasingly complex.

On January 31, The Ronald and Maxine Linde Institute of Economic and Management Sciences hosted the second Caltech + Finance Symposium...

Professor of economics and mathematics Omer Tamuz has been awarded the prestigious Sloan Research Fellowship for 2020.

The decision to buy a lottery ticket, gamble on a stock, or buy an insurance policy often comes down to an assessment of risk. How much do I have to lose or gain?

As the father of two school-age children, Adam Wierman knew from experience that the Pasadena Unified School District's open-enrollment process was not optimal.

To many people, the word “internship” conjures images of anonymous college students engaged in endless coffee runs...

How can economists verify the accuracy of their elegant theories in a dynamic, irrational world? Grounded in mathematics and defined assumptions, economic theories can yield insights into human behavior.

When people buy stocks, they tend to have beliefs in place about how well the investments will perform and which ones are riskier bets. Economists would love to know what is going on in people's minds, but because that is not always possible, they instead come up with models to predict how people will behave. The models are acting as if people have certain beliefs in mind.