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Dal Bó, Pedro; Fréchette, Guillaume R. - National Bureau of Economic Research - 2025

that subjects who play the risky but efficient action in a simple coordination game (i.e., play stag in a stag hunt game …

Persistent link: https://www.econbiz.de/10015421930

Decentralization, Communication, and the Origins of Fluctuations

Angeletos, George-Marios - 2011

because decentralized trading impedes communication and, in so doing, opens the door to self-fulfilling beliefs despite the … uniqueness of the equilibrium. In line with Keynesian thinking, these fluctuations may be attributed to "coordination failures …

Persistent link: https://www.econbiz.de/10012461597

Bayesian Persuasion

Kamenica, Emir - 2009

When is it possible for one person to persuade another to change her action? We take a mechanism design approach to this question. Taking preferences and initial beliefs as given, we introduce the notion of a persuasion mechanism: a game between Sender and Receiver defined by an information...

Persistent link: https://www.econbiz.de/10012463109

How will Generative AI impact Communication?

Gans, Joshua - National Bureau of Economic Research - 2024

This paper examines the impact of Generative AI (GAI) on communication through the lens of salience and signalling … pure signalling model, GAI may hinder effective communication by making it harder to distinguish high-quality messages …. The analysis reveals that while GAI can increase communication by reducing costs, it may also disrupt traditional …

Persistent link: https://www.econbiz.de/10014635653

Experiments : Why, How, and A Users Guide for Producers as well as Consumers

Niederle, Muriel - National Bureau of Economic Research - 2025

This chapter is intended as an introduction to laboratory experiments, when to use, how to evaluate them, why they matter and what are the pitfalls when designing them. I hope that users as well as consumers will find Sections that broaden their views. I start with when an economist might want...

Persistent link: https://www.econbiz.de/10015361506

Pushing the Envelope : The Effects of Salary Negotiations

Cullen, Zoë B.; Pakzad-Hurson, Bobak; Perez-Truglia, … - National Bureau of Economic Research - 2025

Salary negotiations are a widespread phenomenon that can shape key labor market outcomes, such as welfare and inequality. We provide novel empirical and theoretical insights into the causes and consequences of salary negotiations. We conducted two field experiments involving over 3,100 job...

Persistent link: https://www.econbiz.de/10015421851

Using AI to Generate Option C Scaling Ideas : A Case Study in Early Education

Fatchen, Faith; List, John A.; Pagnotta, Francesca - National Bureau of Economic Research - 2025

In recent years, field experiments have reshaped policy worldwide, but scaling ideas remains a thorny challenge. Perhaps the most important issue facing policymakers today is deciding which ideas to scale. One approach to attenuate this information problem is to augment traditional A/B...

Persistent link: https://www.econbiz.de/10015421874

Lab Experiments in Developing Country Contexts

Lowes, Sara; Nunn, Nathan - National Bureau of Economic Research - 2025

Lab-in-the-field experiments, in which lab experiments are conducted in more naturalistic settings, are increasingly being implemented in developing country contexts. In this chapter, we outline the conceptual and logistical challenges typically associated with lab-in-the-field experiments in...

Persistent link: https://www.econbiz.de/10015438206

AI and the Fed

Kazinnik, Sophia; Brynjolfsson, Erik - National Bureau of Economic Research - 2025

This paper examines how central banks can strategically integrate artificial intelligence (AI) to enhance their operations. Using a dual-framework approach, we demonstrate how AI can transform both strategic decision-making and daily operations within central banks, taking the Federal Reserve...

Persistent link: https://www.econbiz.de/10015438222

Feeling Rich or Looking Rich? Quantifying Self-Image and Social-Image Motives

Bottan, Nicolas L.; Perez-Truglia, Ricardo; Shigeoka, … - National Bureau of Economic Research - 2025

Preferences for status are typically attributed to two distinct channels: self-image, in which individuals derive utility from being richer than others, and social-image, in which individuals value being seen as richer by others. While both channels are believed to be at play, little is known...

Persistent link: https://www.econbiz.de/10015450849