Camerer in 2013
|Born||December 4, 1959|
|Institution||California Institute of Technology|
|Alma mater||University of Chicago
Johns Hopkins University
|Information at IDEAS / RePEc|
A former child prodigy, Camerer received a B.A. in quantitative studies from Johns Hopkins University in 1977 (at age 17), followed by an M.B.A. in finance from the University of Chicago in 1979 and a Ph.D. in behavioral decision theory from that same institution in 1981 (at age 21) for thesis titled The Validity and Utility of Expert Judgment under the supervision of Hillel Einhorn and Robin Hogarth. Camerer worked at Kellogg, Wharton, and the University of Chicago Booth School of Business before moving to Caltech in 1994.
Camerer's research is on the interface between cognitive psychology and economics. This work seeks a better understanding of the psychological and neurobiological basis of decision-making in order to determine the validity of models of human economic behavior. His research uses mostly economics experiments—and occasionally field studies—to understand how people behave when making decisions (e.g., risky gambles for money), in games, and in markets (e.g., speculative price bubbles).
He spoke at the Econometric Society World Congress in London on August 20, 2005 and at the Nobel Centennial Symposium in 2001 on Behavioral and Experimental Economics.
He is the author of "Behavioral Game Theory" published by Princeton University Press in 2003.
In 1983, Camerer started a record label called "Fever Records" as "an economics experiment". Bands that he signed to the label include the Dead Milkmen, Big Black and Get Smart!. The label was part of the Enigma Records group of labels.
Another Fever Records was founded in the 1980s in New York City to distribute rap records, and has no connection.
- Camerer, Colin (2003). Behavioral game theory: experiments in strategic interaction. New York, New York Princeton, New Jersey: Russell Sage Foundation Princeton University Press. ISBN 9780691090399.
- Camerer, Colin; Bowles, Samuel; Henrich, Joseph; Boyd, Robert; Fehr, Ernst; Gintis, Herbert (2004). Foundations of human sociality: economic experiments and ethnographic evidence from fifteen small-scale societies. Oxford New York: Oxford University Press. ISBN 9780199262052.
- Camerer, Colin. "The Validity and Utility of Expert Judgment". ProQuest. Retrieved 9 June 2014.
- "Camerer's CV" (PDF). Retrieved 1 November 2014.
- New York Times, Sept. 25, 2013, '24 Recipients of Macarthur 'Genius' Awards Named.'
- Brown, Aaron (2006). The Poker Face of Wall Street. John Wiley & Sons. p. 272. ISBN 978-0-470-12731-5.
He started a record label, Fever Records, as an economics experiment. Unless you were part of the punk scene in Chicago at the time, or are a music historian, you probably haven't heard of the Bonemen of Baruma, Big Black, or the Dead Milkmen, but you can take my word that they were exciting and important local bands of the period.