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exploration and lower individual and group payoffs. We test our predictions in an online lab experiment and show that the …
Persistent link: https://www.econbiz.de/10014544680
contrast the performance of lower ability participants and higher ability participants in an experiment with three distribution …
Persistent link: https://www.econbiz.de/10013388782
a large natural experiment with 3.6 million trip sessions and a natural field experiment that both have exogenous price … travel to different periods, which is explained by differences in demand and congestion characteristics. Finally, we show …
Persistent link: https://www.econbiz.de/10014337861
. We use a survey experiment to generate direct evidence on how people acquire and process information, in the context of …
Persistent link: https://www.econbiz.de/10012452954
This paper reports the results of a large, school-level randomized controlled trial evaluating a set of three informational interventions for young people choosing high schools in 473 middle schools, serving over 115,000 8th graders. The interventions differed in their level of customization to...
Persistent link: https://www.econbiz.de/10012814465
Many committees--juries, political task forces, etc.--spend time gathering costly information before reaching a decision. We report results from lab experiments focused on such information-collection processes. We consider decisions governed by individuals and groups and compare how voting rules...
Persistent link: https://www.econbiz.de/10012794585
the influential HighScope Perry Preschool Program. The Perry program was a social experiment that provided preschool …
Persistent link: https://www.econbiz.de/10012462417
If an investor wants to form a portfolio of risky assets and can exert effort to collect information on the future value of these assets before he invests, which assets should he learn about? The best assets to acquire information about are ones the investor expects to hold. But the assets the...
Persistent link: https://www.econbiz.de/10012464743
can choose to abstain. The first experiment follows a tightly controlled design planned for the lab; the second is a …
Persistent link: https://www.econbiz.de/10013477287
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