News From the Field
Psychology Influences Markets
July 1, 2013
When it comes to economics versus psychology, score one for psychology. Economists argue that markets usually reflect rational behavior--with the dominant players in a market, such as hedge-fund managers, almost always making well-informed and objective decisions. But psychologists say that markets are not immune from human irrationality. A new analysis by Caltech researchers supports the latter case, showing that markets are indeed susceptible to psychological phenomena.
California Institute of Technology
The National Science Foundation (NSF) is an independent federal agency that supports fundamental research and education across all fields of science and engineering. In fiscal year (FY) 2014, its budget is $7.2 billion. NSF funds reach all 50 states through grants to nearly 2,000 colleges, universities and other institutions. Each year, NSF receives about 50,000 competitive requests for funding, and makes about 11,500 new funding awards. NSF also awards about $593 million in professional and service contracts yearly.
Get News Updates by Email
Useful NSF Web Sites:
NSF Home Page: http://www.nsf.gov
NSF News: http://www.nsf.gov/news/
For the News Media: http://www.nsf.gov/news/newsroom.jsp
Science and Engineering Statistics: http://www.nsf.gov/statistics/
Awards Searches: http://www.nsf.gov/awardsearch/