In a market experiment, we analyze the propensity of participants to delegate their pricing decisions to an algorithm. The optional algorithm is the result of extensive (offline) Q-learning simulations. It is capable of tacit collusion and, when playing against itself, is more collusive than...

Generative artificial intelligence (AI) has made substantial progress, but its full capabilities remain unclear, and we still lack a comprehensive understanding of how people augment productivity with AI and perceive AI-generated outputs. This study compares the ability of AI to a representative...

As technology-assisted decision-making is becoming more widespread, it is important to understand how the algorithmic nature of the decision maker affects how decisions are perceived by those affected. We use an online experiment to study the preference for human or algorithmic decision makers...