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Actors in various settings have been increasingly relying on algorithmic tools to support their decision-making. Much of the public debate concerning algorithms - especially the associated regulation of new technologies - rests on the assumption that humans can assess the quality of algorithms....
Persistent link: https://www.econbiz.de/10013499021
Persistent link: https://www.econbiz.de/10000783966
I investigate minority votes in the German Council of Economic Experts. The dataset contains information on the voting … against the majority opinion of the German Council of Economic Experts. This voting pattern indicates that the channel of … ; German Council of Economic Experts …
Persistent link: https://www.econbiz.de/10009732996
Concern about potential free riding in the provision of public goods has a long history. More recently, experimental economists have turned their attention to the conditions under which free riding would be expected to occur. A model of free riding is provided here which demonstrates that...
Persistent link: https://www.econbiz.de/10008697050
We experimentally test overconfidence in investment decisions by offering participants the possibility to substitute their own for alternative investment choices. Overall, 149 subjects participated in two experiments, one with just one risky asset, the other with two risky assets. Overconfidence...
Persistent link: https://www.econbiz.de/10011408444