Showing 1 - 10 of 11
Large Language Models (LLMs) have the potential to profoundly transform and enrich experimental economic research. We propose a new software framework, "alter_ego", which makes it easy to design experiments between LLMs and to integrate LLMs into oTree-based experiments with human subjects. Our...
Persistent link: https://www.econbiz.de/10014584269
entire estate goes to the eldest son. Combining a survey with a lab in the field experiment, we show that this is still the …
Persistent link: https://www.econbiz.de/10012584085
limitations irrelevant. This experiment shows that strong property rights serve this function. In theory, efficient outcomes …
Persistent link: https://www.econbiz.de/10012153390
treatment. Yet often, finite mixture models need more data than the experiment provides. The approach requires ex ante knowledge …
Persistent link: https://www.econbiz.de/10011977868
their outside options. We run an experiment to test whether additional behavioral reasons deter mutually beneficial trade …
Persistent link: https://www.econbiz.de/10012306406
evasion. Nevertheless most people pay their taxes most of the time. In a lab experiment, we show that the willingness to pay …
Persistent link: https://www.econbiz.de/10011977884
their choice has an externality on third parties. One typical application is a household. We run an experiment in the German …
Persistent link: https://www.econbiz.de/10011977828
Legal research is a repeat offender - in the best sense of the term - when it comes to making use of empirical and experimental methods borrowed from other disciplines. We anticipate that the field's response to developments in eye-tracking research will be no different. Our aim is to aid legal...
Persistent link: https://www.econbiz.de/10013450731
Judges are human beings. Is their behavior therefore subject to the same effects that psychology and behavioral economics have documented for convenience samples, like university students? Does that fact that they decide on behalf of third parties moderate their behavior? In which ways does the...
Persistent link: https://www.econbiz.de/10013411853
We report on our test of the Large Language Model (LLM) ChatGPT (GPT) as a tool for generating evidence of the ordinary meaning of statutory terms, We explain why the most useful evidence for interpretation involves a distribution of replies rather than only what GPT regards as the single "best"...
Persistent link: https://www.econbiz.de/10014634455