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Learning from zero : how to make consumption-saving decisions in a stochastic environment with an AI algorithm

Shi, Rui - 2021 - This draft: August 16, 2021

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 underlying economic structure and its own preference....

Persistent link: https://www.econbiz.de/10012603191

Leading the unwilling : unilateral strategies to prevent arctic oil exploration

Leroux, Justin; Spiro, Daniel - 2017

Arctic oil extraction is inconsistent with the 2°C target. We study unilateral strategies by climate-concerned Arctic countries to deter extraction by others. Contradicting common theoretical assumptions about climate-change mitigation, our setting is one where countries may fundamentally...

Persistent link: https://www.econbiz.de/10011718452

The effect of incentives in non-routine analytical team tasks : evidence from a field experiment

Englmaier, Florian; Grimm, Stefan; Schindler, David; … - 2018

Despite the prevalence of non-routine analytical team tasks in modern economies, little is known about how incentives influence performance in these tasks. In a field experiment with more than 3000 participants, we document a positive effect of bonus incentives on the probability of completion...

Persistent link: https://www.econbiz.de/10011795030

The efficacy of tournaments for non-routine team tasks

Englmaier, Florian; Grimm, Stefan; Grothe, Dominik; … - 2021

Tournaments are often used to improve performance in innovation contexts. Tournaments provide monetary incentives but also render teams’ identity and social-image concerns salient. We study the effects of tournaments on team performance in a non-routine task and identify the importance of...

Persistent link: https://www.econbiz.de/10012597694

Exporters, multinationals and residual wage inequality : evidence and theory

Schroeder, Sarah - 2020

FDI) and domestically owned (outward FDI). My findings exhibit a clear hierarchy of firms' international activities with …-ante homogeneous workers, heterogeneous firms and search and matching frictions into a multi-region model of trade and FDI with … interplay between trade, FDI and labour market institutions. …

Persistent link: https://www.econbiz.de/10012315942