Search Results - subject:"algorithm"

Convergence Rates and Collusive Outcomes of Pricing Algorithms

Frick, Kevin Michael - 2023

Artificial intelligence algorithms are increasingly used by firms to set prices. Previous research on pricing algorithms shows that they can exhibit collusive behavior, but it has so far remained an open question whether they can do so in a reasonably short time. I develop a deep reinforcement...

Persistent link: https://www.econbiz.de/10014343902

A Simple Way Towards Fair Assortment Planning : Algorithms and Welfare Implications

Lu, Wentao; Sahin, Ozge; Wang, Ruxian - 2023

Large e-commerce retailers and department stores function as marketplaces for millions of sellers, and consumers rely on the platform's assortment and display decisions to examine different sellers and make purchase decisions. Traditionally, the primary objective of these marketplaces for...

Persistent link: https://www.econbiz.de/10014344028

Algorithmic Management in Scientific Research

Koehler, Maximilian; Sauermann, Henry - 2023

Growing evidence shows that artificial intelligence (AI) can perform core research activities such as reviewing prior literature, processing data, and solving problems. We shift the focus from AI as a “worker” to ask whether and how AI can also “manage” human workers who perform research...

Persistent link: https://www.econbiz.de/10014344196

Pricing via Artificial Intelligence : The Impact of Neural Network Architecture on Algorithmic Collusion

Zhang, Weipeng - 2023

Classic artificial intelligence (Q-learning) algorithms have been capable of consistently learning supra-competitive pricing strategies in infinitely repeated Nash-Bertrand pricing games without human communication. Such algorithms have been able to converge due to the temporal correlation of...

Persistent link: https://www.econbiz.de/10014344267

An Exact Algorithm for the Dynamic Two-Stage Weapon-Target Assignment Problem

Lu, Yiping; Chen, Danny Ziyi; Gao, Tianshu - 2023

column enumeration (CE) algorithm which formulates the WTA as a linear model without sacrificing the optimality was developed …, and the scalability of this CE algorithm well exceeded the previous WTA solutions. Beyond the classic WTA in which the … CE algorithm, we show that an exact algorithm with good scalability can be developed for an important special version of …

Persistent link: https://www.econbiz.de/10014344336

Algorithmic Pricing and Consumer Sensitivity to Price Variability

Aparicio, Diego; Eckles, Dean; Kumar, Madhav - 2023

Artificial Intelligence (AI) automates human decisions. Algorithmic pricing, a form of AI, sets prices by a computer. It is now common currency in ride-hailing, travel, drugs, gasoline, online goods---And great price variability characterizes all those settings. However, little is known about...

Persistent link: https://www.econbiz.de/10014344646

Fairness in Algorithmic Targeting : An Economic Analysis

Zhang, Zhe; Lahiri, Atanu - 2023

With algorithmic targeting getting increasingly common, the issue of fairness is quickly coming the fore. For example, financial firms have been accused of targeting minorities with pricey loans. Likewise, online job advertisements have disproportionately been targeted to male candidates,...

Persistent link: https://www.econbiz.de/10014345359

A Fast Algorithm for Computing Product Moments of Multivariate Normal Random Variables

Kan, Raymond; Pan, Jiening - 2023

We provide a simple identity that decomposes a product moment of multivariate normal random variables as a sum of various products of univariate moments of one of the random variables and multivariate moments of the other random variables. The new identity allows for much faster computation of...

Persistent link: https://www.econbiz.de/10014346587

NYC Coalition to End Racism in Clinical Algorithms (CERCA) Inaugural Report

Khazanchi, Rohan; Morse, Michelle - 2023

In this inaugural report, we provide an update on the first nine months of CERCA’s activities. To raise awareness about CERCA’s vision, we outline theoretical frameworks and background research related to race modifiers in clinical algorithms, analytic approaches for prospective assessment...

Persistent link: https://www.econbiz.de/10014346650

Corrupted by Algorithms? How Ai-Generated and Human-Written Advice Shape (Dis)Honesty

Leib, Margarita; Köbis, Nils; Rilke, Rainer Michael; … - 2023

people to behave dishonestly. In an experiment, we study how AI advice (generated by a Natural-Language-processing algorithm …

Persistent link: https://www.econbiz.de/10014346985