We create a set of prompts from every Journal of Economic Literature (JEL) topic to test the ability of a GPT-3.5 large language model (LLM) to write about economic concepts. For general summaries, ChatGPT can perform well. However, more than 30% of the citations suggested by ChatGPT do not...

We create a set of prompts from every Journal of Economic Literature (JEL) topic to test the ability of a GPT-3.5 large language model (LLM) to write about economic concepts. For general summaries, ChatGPT can perform well. However, more than 30% of the citations suggested by ChatGPT do not...

This paper explores the extent to which altruism is influenced by the salient features of the beneficiaries. We investigate how information presented to senders affects their perception of the recipient in a dictator game. In this environment, the starting endowment of a recipient can be...

Economic policy decisions often involve a tradeoff between equality and efficiency implemented through income redistribution. We test whether people are more likely to purchase equality with their own money versus transferring someone else’s money to a low-income group member which reduces...

The number of people employed in technology (tech) fields, according to the U.S. Bureau of Labor Statistics data, is not increasing quickly and the real wages for most positions are stagnant. We present the recent history of the United States tech labor force and an analysis of why many job...

Having a larger high-skill workforce increases productivity, so it is useful to understand how workers self-select into high-paying technology (tech) jobs. This study examines how workers decide whether or not to pursue tech, through an experiment in which subjects are offered a short...

Many economies exhibit downward wage rigidity. Surveys of managers indicate that employers hold wages rigid because they believe morale will suffer after a wage cut. Otherwise, there is little evidence for how employers' beliefs contribute to wage rigidity and whether those beliefs are accurate....

Reference points formed by initial endowments influence individual decisions. This experiment tests whether an individual can predict the behavior of other people who have different reference points. Despite financial incentives for being correct, players fail to imagine themselves in another...