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From helping hand to stumbling block : the ChatGPT paradox in competency experiment
Kim, Duk Gyoo; Moon, Ahram - 2024
We ran a controlled laboratory experiment to examine whether ChatGPT's aid can increase the participants' performance … math score significantly decreases with ChatGPT's assistance. This result is mainly because the low-ability subjects couldn …'t discern the hallucinated answers with the correct ones, and it contests the general idea that ChatGPT can complement the …
Persistent link: https://www.econbiz.de/10014496516
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Learning from the experiments of others simultaneous search, coordination in R&D and diffusion processes : laboratory evidence
Große, Niels D.; Kirchkamp, Oliver - 2009
In this paper we are studying a multiple player two-armed bandit model with two risky arms in discrete time. Players have to find the superior arm and can learn from others' history of choices and successes. In equilibrium, there is no con?ict between individual and social rationality. If agents...
Persistent link: https://www.econbiz.de/10003887190
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The end of work is near, isn't it? : survey evidence on automation angst
Arntz, Melanie; Blesse, Sebastian; Doerrenberg, Philipp - 2022
We study the extent of automation angst and its role for policy preferences, labor market choices and real donation decisions using a customized survey in Germany and the US. We first document that a majority perceives automation as a major threat to overall employment and as a cause of rising...
Persistent link: https://www.econbiz.de/10013370521
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Aging and Attitudes Towards Strategic Uncertainty and Competition : An Artefactual Field Experiment in a Swiss Bank
Madiès, Thierry - 2012
We study the attitudes of junior and senior employees towards strategic uncertainty and competition, by means of a market entry game inspired by Camerer and Lovallo (1999). Seniors exhibit higher entry rates compared to juniors, especially when earnings depend on relative performance. This...
Persistent link: https://www.econbiz.de/10013104678
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Aging and Attitudes Towards Strategic Uncertainty and Competition : An Artefactual Field Experiment in a Swiss Bank
Madiès, Thierry - 2012
We study the attitudes of junior and senior employees towards strategic uncertainty and competition, by means of a market entry game inspired by Camerer and Lovallo (1999). Seniors exhibit higher entry rates compared to juniors, especially when earnings depend on relative performance. This...
Persistent link: https://www.econbiz.de/10013105828
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The Causal Effect of Cognitive Abilities on Economic Behavior : Evidence from a Forecasting Task with Varying Cognitive Load
Rydval, Ondrej - 2012
We identify the causal effect of cognitive abilities on economic behavior in an experimental setting. Using a forecasting task with varying cognitive load, we identify the causal effect of working memory on subjects' forecasting performance, while also accounting for the effect of other...
Persistent link: https://www.econbiz.de/10013107260
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Confidence in Knowledge or Confidence in the Ability to Learn : an Experiment on the Causal Effects of Beliefs on Motivation
Fischer, Mira - 2018
Previous research has shown that feedback about past performance has ambiguous effects on subsequent performance. We argue that feedback affects beliefs in different dimensions – namely beliefs about the level of human capital and beliefs about the ability to learn – and this may explain...
Persistent link: https://www.econbiz.de/10012926724
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Market-Based Tournaments : An Experimental Investigation
Dickmanns, Lisa - 2017
This paper examines "market-based tournaments", in which firms use the tournament outcome to update their expectations about worker ability. A theoretical model offers several implications, which are unique to the market-based tournament and which we test in a laboratory experiment. The...
Persistent link: https://www.econbiz.de/10012970612
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Limited self-knowledge and survey response behavior
Falk, Armin; Neuber, Thomas; Strack, Philipp - 2021
We study response behavior in surveys and show how the explanatory power of self-reports can be improved. First, we develop a choice model of survey response behavior under the assumption that the respondent has imperfect self-knowledge about her individual characteristics. In panel data, the...
Persistent link: https://www.econbiz.de/10012588630
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Limited Self-Knowledge and Survey Response Behavior
Falk, Armin; Neuber, Thomas; Strack, Philipp - 2021
We study response behavior in surveys and show how the explanatory power of self-reports can be improved. First, we develop a choice model of survey response behavior under the assumption that the respondent has imperfect self-knowledge about her individual characteristics. In panel data, the...
Persistent link: https://www.econbiz.de/10013219070