Showing 1 - 10 of 191
Although fake online customer reviews have become prevalent on platforms such as Amazon, Google, and Facebook, little is known about how these reviews influence consumer behavior. This paper provides the first experimental estimates of the effects of fake reviews on individual demand and...
Persistent link: https://www.econbiz.de/10014436967
We investigate the potential for Large Language Models (LLMs) to enhance scientific practice within experimentation by identifying key areas, directions, and implications. First, we discuss how these models can improve experimental design, including improving the elicitation wording, coding...
Persistent link: https://www.econbiz.de/10014372436
When studying policy-relevant topics, researchers' policy preferences may shape the design, execution, analysis, and interpretation of results. Detection of such bias is challenging because the research process itself is not normally part of a controlled experimental setting. Our analysis...
Persistent link: https://www.econbiz.de/10015171677
Qualitative self-assessments of economic preferences have recently gained popularity, often supported by experimental validation, a method that links them to choices in incentivized elicitations. We illustrate theoretically that experimental validation may fail to produce reliable new measures....
Persistent link: https://www.econbiz.de/10015326513
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
.g., teachers) with observational data, and to leverage the quasi-random assignment of decision-makers (e.g. bail judges). We show …
Persistent link: https://www.econbiz.de/10013334327
Clinical trials following the "gold standard" of random assignment frequently use independent lotteries to allocate patients to treatment and control arms. However, independent assignment can generate treatment and control arms that are unbalanced (i.e. treatment and control populations with...
Persistent link: https://www.econbiz.de/10013477237
This study investigates how to use regression adjustment to reduce variance in experimental data. We show that the estimators recommended in the literature satisfy an orthogonality property with respect to the parameters of the adjustment. This observation greatly simplifies the derivation of...
Persistent link: https://www.econbiz.de/10013477248
This paper describes a number of strategies that experimenters may use to improve the external validity of their own findings, and of their research field as a whole. The paper emphasizes a dynamic view of research processes, in which learning about treatment and treatment adoption does not...
Persistent link: https://www.econbiz.de/10013477254
We survey the recent literature in economics measuring what is on top of people's minds using open-ended questions. We first provide an overview of studies in political economy, macroeconomics, finance, labor economics, and behavioral economics that have employed such measurement. We next...
Persistent link: https://www.econbiz.de/10014544700