Can AI with High Reasoning Ability Replicate Human-like Decision Making in Economic Experiments? [PDF]
arXivEconomic experiments offer a controlled setting for researchers to observe human decision-making and test diverse theories and hypotheses; however, substantial costs and efforts are incurred to gather many individuals as experimental participants. To address this, with the development of large language models (LLMs), some researchers have recently ...
arxiv
Strategic Voting in Heterogeneous Electorates: An Experimental Study
Games, 2013 We study strategic voting in a setting where voters choose from three options and Condorcet cycles may occur. We introduce in the electorate heterogeneity in preference intensity by allowing voters to differ in the extent to which they value the three ...
Marcelo Tyszler, Arthur Schram
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Paradoxes versus Formalism in Economics. Evidence from the Early Years of Game Theory and Experimental Economics [PDF]
, 2004 Alessandro Innocenti
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Large Language Models for Behavioral Economics: Internal Validity and Elicitation of Mental Models [PDF]
arXivIn this article, we explore the transformative potential of integrating generative AI, particularly Large Language Models (LLMs), into behavioral and experimental economics to enhance internal validity. By leveraging AI tools, researchers can improve adherence to key exclusion restrictions and in particular ensure the internal validity measures of ...
arxiv
Facts and fiction in public economics: How behavioral and experimental economics can inform public policy [PDF]
, 2006 Riedl
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EconoJax: A Fast & Scalable Economic Simulation in Jax [PDF]
arXivAccurate economic simulations often require many experimental runs, particularly when combined with reinforcement learning. Unfortunately, training reinforcement learning agents in multi-agent economic environments can be slow. This paper introduces EconoJax, a fast simulated economy, based on the AI economist.
arxiv
GHIssuemarket: A Sandbox Environment for SWE-Agents Economic Experimentation [PDF]
arXivSoftware engineering agents (swe-agents), as key innovations in intelligent software engineering, are poised in the industry's end-of-programming debate to transcend from assistance to primary roles. we argue the importance of swe-agents' economic viability to their transcendence -- defined as their capacity to maintain efficient operations in ...
arxiv
Cyclic motions in Dekel-Scotchmer Game Experiments [PDF]
arXiv, 2013 TASP (Time Average Shapley Polygon, Bena{\=\i}m, Hofbauer and Hopkins, \emph{Journal of Economic Theory}, 2009), as a novel evolutionary dynamics model, predicts that a game could converge to cycles instead of fix points (Nash equilibria). To verify TASP theory, using the four strategy Dekel-Scotchmer games (Dekel and Scotchmer, \emph{Journal of ...
arxiv
Chapter 5. How to Do Things with Experimental Economics [PDF]
, 2008 Francesco Guala
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Equity and Efficiency in Multi-Worker Firms: Insights from Experimental Economics [PDF]
, 2011 Johannes Abeler +3 more
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