In present-day major financial markets around the world, adaptive automated trading systems are responsible for many more transactions than are human traders, and human traders have largely been replaced by trading machines that can process super-human quantities of data and react to market...

Critiques of Neoclassical Economics extend, unsurprisingly, to its mathematical structure. The discussion has largely focused on General Equilibrium Theory (GET), a formalism developed by Léon Walras over a century ago. Internally consistent, but highly unrealistic, GET lacks predictive power,...

Experimental and empirical findings suggest that non-pecuniary motivations play a significant role as determinants of taxpayers' decision to comply with the tax authority and shape their perceptions and assessment of the tax code. By contrast, the canonical optimal income taxation model focuses...

The trust game, a simple two-person economic exchange, has been extensively used as experimental measures for trust and trustworthiness of individuals. Here, we develop deep neural network-based artificial intelligence (AI) agents to participate a series of experiments based upon the trust game....