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Decisions and performance under bounded rationality : a computational benchmarking approach

Zēgners, Dainis; Sunde, Uwe; Strittmatter, Anthony - 2020

This paper presents a novel approach to analyze human decision-making that involves comparing the behavior of …

Persistent link: https://www.econbiz.de/10012499843

Optimal monetary policy using reinforcement learning

Hinterlang, Natascha; Tänzer, Alina - 2021

This paper introduces a reinforcement learning based approach to compute optimal interest rate reaction functions in terms of fulfilling inflation and output gap targets. The method is generally flexible enough to incorporate restrictions like the zero lower bound, nonlinear economy structures...

Persistent link: https://www.econbiz.de/10012792732

Human wellbeing and machine learning

Clark, Andrew E.; D'Ambrosio, Conchita; De Neve, … - 2022

Persistent link: https://www.econbiz.de/10013332450

Putting a human in the loop : increasing uptake, but decreasing accuracy of automated decision-making

Sele, Daniela; Chugunova, Marina - 2023

discussions about regulation of automated decision-making. In an online experiment, we find that 66% of participants prefer … algorithmic to equally accurate human recommendations if the decision is delegated fully. This preference for algorithms increases … by further 7 percentage points if participants are able to monitor and adjust the recommendations before the decision is …

Persistent link: https://www.econbiz.de/10014495079

Automation and the workforce : a firm-level view from the 2019 Annual Business Survey

Acemoglu, Daron; Anderson, Gary; Beede, David Nathan; … - 2022

Persistent link: https://www.econbiz.de/10013465373

AI-tocracy

Beraja, Martin; Kao, Andrew; Yang, David Y.; Yuchtman, Noam - 2021

Persistent link: https://www.econbiz.de/10012655860

How do workers adjust when firms adopt new technologies?

Genz, Sabrina; Gregory, Terry; Janser, Markus; Lehmer, … - 2021

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....

Persistent link: https://www.econbiz.de/10012623549