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frequent in Eastern Germany. In terms of economic policy competence, East German business leaders ranked the party third behind …
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This paper presents a novel approach to analyze human decision-making that involves comparing the behavior of professional chess players relative to a computational benchmark of cognitively bounded rationality. This benchmark is constructed using algorithms of modern chess engines and allows...
Persistent link: https://www.econbiz.de/10012499843
Investors increasingly can obtain assistance from "robo-advisors," artificial intelligence - enabled digitalized service agents imbued with anthropomorphic design elements that can communicate using natural language. The present article considers the impact of anthropomorphized robo-advisors on...
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This paper presents novel evidence for the prevalence of deviations from rational behavior in human decision making - and for the corresponding causes and consequences. The analysis is based on move-by-move data from chess tournaments and an identification strategy that compares behavior of...
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, i.e., an indicator variable of AI adoption, and the intensity with which firms use AI methods in their business …
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new business models. This paper analyses the extent to which the use of AI contributes to the innovation performance of … actively using AI in their business operations or products and services in 2019. The use of AI generated additional sales with …-first innovations in the German business sector. Firms that developed AI by combining in-house and external resources obtained …
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We investigate how workers adjust to firms’ investments into new digital technologies, including artificial intelligence, augmented reality, or 3D printing. For this, we collected novel data that links survey information on firms’ technology adoption to administrative social security data....
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