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study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills … losses from high bids are more salient than in SPAs. Experience in FPAs causes substantial cross-game learning for … bid shading by cognitively more able participants, resulting in lower profits in FPAs. Thus, cross-game learning has the …
Persistent link: https://www.econbiz.de/10012668312
The paper investigates social-learning when the information structure is not commonly known. Individuals repeatedly … interact in social-learning settings with distinct information structures. In each round of interaction, they use their … behavior in the long-run if and only if individuals distinguish social-learning settings and receive rich feedback after each …
Persistent link: https://www.econbiz.de/10011434567
This exercise offers an innovative learning mechanism to model economic agent's decision-making process using a deep … reinforcement learning algorithm. In particular, this AI agent is born in an economic environment with no information on the … adjusting its actions accordingly (i.e., online learning). I illustrate that the economic agent under deep reinforcement …
Persistent link: https://www.econbiz.de/10012603191
line with a reinforcement learning model, we find that subjects who won a random lottery took significantly more risk in a …
Persistent link: https://www.econbiz.de/10012607585
Time is a crucial determinant of deception, since some misreporting opportunities come as a surprise and require an intuitive decision while others allow for extensive reflection time. To be able to pursue a deceptive strategy, however, a subject must be aware of the misreporting opportunity....
Persistent link: https://www.econbiz.de/10011723505
privately evaluating the investments. Consistent with self-deception, learning about the incentive before evaluating the options …
Persistent link: https://www.econbiz.de/10012157246
We report the results of an experiment on selective exposure to information. A decision maker interested in learning …
Persistent link: https://www.econbiz.de/10014383694
We ran a controlled laboratory experiment to examine whether ChatGPT's aid can increase the participants' performance in three different-reading and writing, mathematical problem-solving, and computational thinking-tasks. We find that the math score significantly decreases with ChatGPT's...
Persistent link: https://www.econbiz.de/10014496516
Can algorithms help people predict behavior in high-stakes prisoner’s dilemmas? Participants watching the pre-play communication of contestants in the TV show Golden Balls display a limited ability to predict contestants’ behavior, while algorithms do significantly better. We provide...
Persistent link: https://www.econbiz.de/10014304521
the nature of the task at the second date further shows that learning is unencumbered by a change in environment. Our …
Persistent link: https://www.econbiz.de/10011958789