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We investigate the potential for Large Language Models (LLMs) to enhance scientific practice within experimentation by identifying key areas, directions, and implications. First, we discuss how these models can improve experimental design, including improving the elicitation wording, coding...
Persistent link: https://www.econbiz.de/10014372436
We test a mechanism whereby groups are formed voluntarily, through the use of voting. These groups play a public-goods game, where efficiency increases with group size (up to a limit, in one treatment). It is feasible to exclude group members, to exit one's group, or to form larger groups...
Persistent link: https://www.econbiz.de/10010776752
considerations. We conduct a public-goods experiment in which we permit endogenous group-formation. In a 2×2 design, we vary whether …
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In this article we explore the issues that surround within-subject and between-subject designs. We describe experiments in economics and in psychology that make comparisons using either of these designs (or both) that sometimes yield the same results and sometimes do not. The overall goal is to...
Persistent link: https://www.econbiz.de/10010597465
more than doubles the punishment rate as a response to an action that is unfavorable to the receiver. We also find evidence …
Persistent link: https://www.econbiz.de/10009191235
In experiments with two-person sequential games we analyze whether responses to favorable and unfavorable actions depend on the elicitation procedure. In our “hot†treatment the second player responds to the first player's observed action while in our “cold†treatment we...
Persistent link: https://www.econbiz.de/10005678703