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Prediction, Judgment and Complexity : A Theory of Decision Making and Artificial Intelligence
Agrawal, Ajay K. - 2018
. In this paper, we explore the consequences of improved prediction in decision-making. To do so, we adapt existing models … of decision-making under uncertainty to account for the process of determining payoffs. We label this process of … on whether the improvements in prediction enable automated decision-making. We discuss the implications of improved …
Persistent link: https://www.econbiz.de/10012929013
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Enabling Entrepreneurial Choice
Agrawal, Ajay K.; Gans, Joshua S.; Stern, Scott - 2022
Entrepreneurs must choose between alternative strategies for bringing their idea to market. They face uncertainty regarding both the quality of their idea as well as the efficacy of each strategy. While entrepreneurs can reduce this uncertainty by conducting tests, any single test conflates the...
Persistent link: https://www.econbiz.de/10013291843
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The Role of Technological Change in Green Growth
Popp, David - 2014
By reducing the costs of environmental protection, technological change is important for promoting green growth. This entails both the creation of new technologies and more widespread deployment of existing green technologies. This paper reviews the literature on environmentally friendly...
Persistent link: https://www.econbiz.de/10013065135
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How Do Humans Interact with Algorithms? Experimental Evidence from Health Insurance
Bundorf, M. Kate - 2019
Algorithms are increasingly available to help consumers make purchasing decisions. How does algorithmic advice affect human decisions and what types of consumers are likely to use such advice? We conducted a randomized, controlled trial comparing the effects of offering personalized information,...
Persistent link: https://www.econbiz.de/10012867905
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Managing Intelligence : Skilled Experts and Ai in Markets for Complex Products
Gruber, Jonathan; Handel, Benjamin; Kina, Samuel H.; … - 2021
-optimal. Our analysis leverages the large-scale implementation of an AI-based decision support tool in a private Medicare exchange … consumers $1260 on average. The addition of AI-based decision support improves outcomes by $278 on average and substantially … decision support associated with a 21% reduction in call time for enrollment …
Persistent link: https://www.econbiz.de/10013315315
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HIV Status and Labor Market Participation in South Africa
Levinsohn, James A. - 2011
Because individuals with HIV are more likely to fall into poverty, and the poor may be at higher risk of contracting HIV, simple estimates of the effect of HIV status on economic outcomes will tend to be biased. In this paper, we use two econometric methods based on the propensity score to...
Persistent link: https://www.econbiz.de/10013127983
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Fifteen Years on : Household Incomes in South Africa
Leibbrandt, Murray - 2011
This paper uses national household survey data to examine changes in real per capita incomes in South Africa between 1993 and 2008; the start and the end of the first fifteen years of post-apartheid South Africa. These data show an increase in average per capita real incomes across the distribution....
Persistent link: https://www.econbiz.de/10013131678
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Prospective Analysis of a Wage Subsidy for Cape Town Youth
Levinsohn, James A. - 2011
Recognizing that a credible estimate of a wage subsidy's impact requires a model of the labor market that itself generates high unemployment in equilibrium, we estimate a structural search model that incorporates both observed heterogeneity and measurement error in wages. Using the model to...
Persistent link: https://www.econbiz.de/10013122184
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Persecution Perpetuated : The Medieval Origins of Anti-Semitic Violence in Nazi Germany
Voigtländer, Nico - 2011
How persistent are cultural traits? This paper uses data on anti-Semitism in Germany and finds continuity at the local level over more than half a millennium. When the Black Death hit Europe in 1348-50, killing between one third and one half of the population, its cause was unknown. Many...
Persistent link: https://www.econbiz.de/10013123982
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Is Smoking Behavior Culturally Determined? Evidence from British Immigrants
Christopoulou, Rebekka - 2013
's decision to smoke is determined by culture. For each country, we use retrospective data to describe individual smoking …
Persistent link: https://www.econbiz.de/10013082153