Showing 1 - 10 of 2,112
evolutionary game theory model, where higher IQ among subjects determines - through better working memory - a lower frequency of …
Persistent link: https://www.econbiz.de/10012842383
The prisoner’s dilemma (PD) is arguably the most important model of social dilemmas, but our knowledge about how a PD’s material payoff structure affects cooperation is incomplete. In this paper we investigate the effect of variation in material payoffs on cooperation, focussing on one-shot...
Persistent link: https://www.econbiz.de/10013312072
This paper explores the prisoner's dilemma that may result when workers and firms are involved in labour disputes and must decide whether to hire a lawyer to be represented at trial. Using a representative data set of labour disputes in the UK and a large population of French unfair dismissal...
Persistent link: https://www.econbiz.de/10010270486
This paper studies experimentally when and how ideological motives shape group decision-making outcomes. Groups …
Persistent link: https://www.econbiz.de/10013243248
Two non-transitive theories to model decision making under risk are regret theory (Loomes and Sugden, 1982, 1987) and … of choice behavior. We investigate the overlap between these theories and show that original regret theory (Loomes and … of generalized regret theory (Loomes and Sugden, 1987) …
Persistent link: https://www.econbiz.de/10012850081
Human decision-making differs due to variation in both incentives and available information. This generates substantial … challenges for the evaluation of whether and how machine learning predictions can improve decision outcomes. We propose a … decision maker payoff functions and predictive skill. We apply our framework to the major health policy problem of improving …
Persistent link: https://www.econbiz.de/10013314923
This paper presents an empirical investigation of the relation between decision speed and decision quality for a real …-by-move data provide exceptionally detailed and precise information about decision times and decision quality, based on a … with the predictions of procedural decision models like drift-diffusion-models in which decision makers sequentially …
Persistent link: https://www.econbiz.de/10013306854
We experimentally examine how the incentive to defect in a social dilemma affects conditional cooperation. In our first study we conduct online experiments in which subjects play eight Sequential Prisoner’s Dilemma games with payoffs systematically varied across games. We find that few second...
Persistent link: https://www.econbiz.de/10014077010
decision trees and logistic regressions. For this purpose, multilayer perceptrons are trained on the same data as in the …
Persistent link: https://www.econbiz.de/10013211739
We develop a regime switching vector autoregression where artificial neural networks drive time variation in the coefficients of the conditional mean of the endogenous variables and the variance covariance matrix of the disturbances. The model is equipped with a stability constraint to ensure...
Persistent link: https://www.econbiz.de/10013314694