This paper explores the interplay of feature-based explainable AI (XAI) techniques, information processing, and human beliefs. Using a novel experimental protocol, we study the impact of providing users with explanations about how an AI system weighs inputted information to produce individual...

Using experimental data from a comprehensive field study, we explore the causal eects of algorithmic discrimination on economic eciency and social welfare. We harness economic, game-theoretic, and state-of-the-art machine learning concepts allowing us to overcome the central challenge of missing...

The possibility to investigate the impact of news on stock prices has observed a strong evolution thanks to the recent use of natural language processing (NLP) in finance and economics. In this paper, we investigate COVID-19 news, elaborated with the "Natural Language Toolkit" that uses machine...

Die Künstliche Intelligenz (KI) gilt als Basistechnologie des 21. Jahrhunderts und führt, wenn auch in unterschiedlichen Geschwindigkeiten, zu drastischen Veränderungen in praktisch allen Industrien. Die Finanzbranche gehört dabei zu den Industrien, welche bereits heute mit am stärksten von...

With free delivery of products virtually being a standard in E-commerce, product returns pose a major challenge for online retailers and society. For retailers, product returns involve significant transportation, labor, disposal, and administrative costs. From a societal perspective, product...

Due to a growing number of initiatives and regulations, predictions of modern Artificial Intelligence (AI) systems increasingly come with explanations about why they behave the way they do. In this paper, we explore the impact of feature-based explanations on users' information processing. We...

With free delivery of products virtually being a standard in E-commerce, product returns pose a major challenge for online retailers and society. For retailers, product returns involve significant transportation, labor, disposal, and administrative costs. From a societal perspective, product...

Recent regulatory measures such as the European Union's AI Act require artificial intelligence (AI) systems to be explainable. As such, understanding how explainability impacts human-AI interaction and pinpointing the specific circumstances and groups affected, is imperative. In this study, we...

In current discussions on large language models (LLMs) such as GPT, understanding their ability to emulate facets of human intelligence stands central. Using behavioral economic paradigms and structural models, we investigate GPT's cooperativeness in human interactions and assess its rational...