Due to computing and communication facilities, formal procedures, often referred to as "algorithms", are now … discuss some of the economic risks generated by the power of algorithms. …

Algorithm-based decision support systems play an increasingly important role in decisions involving exploration tasks … the willingness of participants to follow the advice of a reinforcement learning algorithm depends on the fit between … their own exploration preferences and the algorithm's advice. We vary the weight that the algorithm places on exploration …

We propose a simple and powerful numerical algorithm to compute the transition process in continuous-time dynamic … system of functional differential equations of the retarded type. We apply the Waveform Relaxation algorithm, i.e., we …

Ranking algorithms are the information gatekeepers of the Internet era. We develop a stylized framework to study the … effects of ranking algorithms on opinion dynamics. We consider rankings that depend on popularity and on personalization. We …, depending on whether individuals have common or private value preferences. We also find that ranking algorithms can contribute …

future market conditions, possibly aided by algorithms. Prices and profits are inverse u-shaped in prediction ability …

This paper provides a simple theoretical framework to evaluate the effect of key parameters of ranking algorithms …