Applying Experimental Economics to Obesity in the Family Household [PDF]
Mariah D. Ehmke+3 more
openalex +1 more source
In this paper, I discuss dual collective action problems in which a resource pool has simultaneous common pool and public good aspects in its usage, such as hunting (consumption) and conservation of wildlife.
Thomas J. Frye
doaj +1 more source
Experimental Economics: Where Next? Rejoinder [PDF]
Ken Binmore, Avner Shaked
openalex +1 more source
Scaling Laws for Economic Productivity: Experimental Evidence in LLM-Assisted Translation [PDF]
This paper derives "scaling laws"--empirical relationships between the training compute of Large Language Models (LLMs) and their performance--for economic outcomes. In a preregistered online experiment, 300 professional translators completed 1,800 tasks using one of 13 LLMs (or a control).
arxiv
Behavioral and Experimental Economics Do Inform Public Policy [PDF]
Arno Riedl
openalex +1 more source
Experimental Economics and the Environment: Eliciting Values for Controversial Goods [PDF]
Jason F. Shogren+2 more
openalex +1 more source
Investigating Tax Evasion Emergence Using Dual Large Language Model and Deep Reinforcement Learning Powered Agent-based Simulation [PDF]
Tax evasion, usually the largest component of an informal economy, is a persistent challenge over history with significant socio-economic implications. Many socio-economic studies investigate its dynamics, including influencing factors, the role and influence of taxation policies, and the prediction of the tax evasion volume over time.
arxiv
An Experimental Comparison Between Demand Systems of Major Food Groups in Urban Economics [PDF]
Kakhki
openalex +1 more source
Can LLMs Replace Economic Choice Prediction Labs? The Case of Language-based Persuasion Games [PDF]
Human choice prediction in economic contexts is crucial for applications in marketing, finance, public policy, and more. This task, however, is often constrained by the difficulties in acquiring human choice data. With most experimental economics studies focusing on simple choice settings, the AI community has explored whether LLMs can substitute for ...
arxiv
An Experimental Study of Competitive Market Behavior Through LLMs [PDF]
This study explores the potential of large language models (LLMs) to conduct market experiments, aiming to understand their capability to comprehend competitive market dynamics. We model the behavior of market agents in a controlled experimental setting, assessing their ability to converge toward competitive equilibria.
arxiv