In current discussions on large language models (LLMs) such as GPT, understanding their ability to emulate facets of human intelligence stands central. Using behavioral economic paradigms and structural models, we investigate GPT's cooperativeness in human interactions and assess its rational...

The purpose of this study is to investigate the salient factors that influence Indonesian cryptocurrency owners in making their investment decision. This study employs intergroup bias, subjective norms, overborrowing, and spending control to explain cryptocurrency investment behavior. The...

Purpose - This paper aims to provide empirical evidence for using the prospect theory (PT) basic assumptions in the Argentine context. Mainly, this study analysed the financial decision-making process in students of the economic-administrative academic area of two universities, one public and...

This paper provides a sufficient monotonicity condition for the solution of a rationalizability procedure to be independent from the order of elimination. The analysis unfolds in an abstract environment that applies to any form of finite game and elimination procedure. The result applies to...

In medicine, the "ochlocratic trap"—a tendency to conform to majority views irrespective of their ethical implications—can significantly impede moral progress. This paper explores parallels between medical ethics and science, advocating a scientific approach toward ethical decision-making....

This research discusses the practical feasibility of chatbot experiments using ChatGPT as a subject in an auction experiment. In addition, I will test the new idea of giving ChatGPT a "persona" and having it participate in the experiment as a human being with that character. Without persona,...

This research examines the feasibility of using ChatGPT as a subject in an auction experiment. The author will also test the idea of giving ChatGPT a “persona” to participate as a human. Without personas, the author finds overbidding in the FPA and slight underbidding in the SPA; the FPA...

Eva Mariani’s “Economics Rationality in the World of Amartya Sen”, published in Qeios on March 24, 2023, is a good take of the works of Amartya Sen on rationality, choice, and development economics. By employing a descriptive qualitative approach, Mariani asserts Amartya Sen's view on...