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Published on Dec 20, 2016
"Algorithms in Economics" Federico Echenique, the Allen and Lenabelle Davis Professor of Economics and Executive Officer for the Social Sciences, studies economic models of agents and markets to understand and determine their testable implications and the relationships between different theoretical constructs. In particular, he’s investigating models of individual decision-making, of markets, and of other economic institutions. Echenique conducts research at the intersection of economics and computer science, in particular studying algorithmic solution to centralized markets. Examples of such markets are the assignment of medical school graduates to hospitals, and children to schools. Echenique’s research also seeks to understand the computational assumptions and requirements behind many of the mathematical models used by economists.
The Caltech Alumni Association held a day-long event to explore the ways in which computational thinking at Caltech is disrupting science and engineering, creating entirely new disciplines with "CS+X". From developing new paradigms for computation—quantum computing and DNA computing—to pushing the boundaries of machine learning and statistics in ways that transform fields like astronomy, chemistry, neuroscience, and biology, Caltech faculty are pioneering new disciplines at the interface of computer science, and science and engineering.