Showing 1 - 10 of 321
deliberate has evolved for good reason. But on many more tasks than one might think at first sight, intuitive decision-making, or …
Persistent link: https://www.econbiz.de/10014221658
Arguably, for many citizens the perceived expected disutility from sanctions is smaller than the monetary gain from tax evasion. Nevertheless most people pay their taxes most of the time. In a lab experiment, we show that the willingness to pay taxes even absent enforcement is indeed pronounced....
Persistent link: https://www.econbiz.de/10011977884
Many social ills can be modelled as a public bad. In such scenarios, private benefit is often immediate while the public damage takes some time to materialize. In this experiment, we investigate the behavioral effects caused by such delays in the realization of collective harm. By manipulating...
Persistent link: https://www.econbiz.de/10015133746
In an experiment on the large language model GPT-4o, a supplier always makes a higher profit if it replaces uniform contract terms with a set of terms between which the customer may choose. The extra profit results from price discrimination. There is a first order and a second order effect. The...
Persistent link: https://www.econbiz.de/10015325351
done. These norms serve a whole array of purposes. This paper shows that one substantial effect is on decision quality. The … decision taken. And they guide him through the judgment elements inherent in his task. There is interplay between both effects … when it comes to combating occasional non-normative motivation, debiasing and the choice of an appropriate decision mode …
Persistent link: https://www.econbiz.de/10014068576
The human mind is not a general problem solving machine. Instead of deliberately, consciously and serially processing the available information, men can rely on routines, rules, roles or affect for the purpose. They can bring in technology, experts or groups. For all of these reasons, men have a...
Persistent link: https://www.econbiz.de/10014026723
What is the impact of caseload on judicial decision-making? Is increasing judicial staff effective in improving … reduced. We find that the reduction had a significant impact on the process and outcomes of judicial decision-making. Judges … costs. We discuss the implications for judicial management and theories about judicial decision-making …
Persistent link: https://www.econbiz.de/10014032424
What is the impact of caseload on judicial decision-making? Is increasing judicial staff effective in improving … reduced. We find that the reduction had a significant impact on the process and outcomes of judicial decision-making. Judges … costs. We discuss the implications for judicial management and theories about judicial decision-making. …
Persistent link: https://www.econbiz.de/10012153370
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 oTreebased experiments with human subjects. Our...
Persistent link: https://www.econbiz.de/10014536319
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/10015046579