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We provide twelve best practices and discuss how each practice can help researchers accurately, credibly, and ethically use Generative AI (GenAI) to enhance experimental research. We split the twelve practices into four areas. First, in the pre-treatment stage, we discuss how GenAI can aid in...
Persistent link: https://www.econbiz.de/10015094867
The traditional approach in experimental economics is to use a between-subject design: the analyst places each unit in treatment or control simultaneously and recovers treatment effects via differencing conditional expectations. Within-subject designs represent a significant departure from this...
Persistent link: https://www.econbiz.de/10015326450
Crisis bargaining games are widely used to analyze bilateral conflicts, featuring strategic bluffing akin to poker. Players risk substantial losses from overplaying their hand but can secure significant gains if their opponent concedes. Since decisions in crises typically emerge from collective...
Persistent link: https://www.econbiz.de/10015195038
exploration and lower individual and group payoffs. We test our predictions in an online lab experiment and show that the …
Persistent link: https://www.econbiz.de/10014544680
The experimental literature on repeated games has largely focused on settings where players discount the future identically. In applications, however, interactions often occur between players whose time preferences differ. We study experimentally the effects of discounting differentials in...
Persistent link: https://www.econbiz.de/10014287389
We analyze a coordination game with information-constrained players. The players' actions are based on a noisy compressed representation of the game's payoffs in a particular case, where the compressed representation is a latent state learned by a variational autoencoder (VAE). Our generalized...
Persistent link: https://www.econbiz.de/10014486205
Team incentives are important in many compensation systems that pay workers according to the output of their team as well as to their own output, with team bonuses often depending on whether the team meets or exceeds specified thresholds. Yet little is known about how team members with different...
Persistent link: https://www.econbiz.de/10013388782
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
We analyze the behavior of game-show contestants who play a one-shot game called Friend or Foe. While it is a weakly dominant strategy not to cooperate, almost half the contestants on the show choose to play friend.' Remarkably, the behavior of contestants remains unchanged even when stakes are...
Persistent link: https://www.econbiz.de/10012468893
investigate this claim using a simple model of Bayesian learning. Two individuals with different priors observe the same infinite … behavior in a range of circumstances. We illustrate how the type of learning outlined in this paper interacts with economic …
Persistent link: https://www.econbiz.de/10012466013