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I study the path properties of adaptive heuristics that mimic the natural dynamics of play in a game and converge to … the set of correlated equilibria. Despite their apparent differences, I show that these heuristics have an abstract … applications in the study of the convergence of the heuristics. …
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Artificial Intelligence (AI) increasingly becomes an indispensable advisor. New ethical concerns arise if AI persuades people to behave dishonestly. In an experiment, we study how AI advice (generated by a Natural-Language-processing algorithm) affects (dis)honesty, compare it to equivalent...
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Purpose: There are several routes between some OD pairs in the urban rail transit network. In order to carry out the fare allocating, operators use some models to estimate which route the passengers choose, but there are some errors between estimation results and actual choices results. The aim...
Persistent link: https://www.econbiz.de/10011900839
Algorithm-based decision support systems play an increasingly important role in decisions involving exploration tasks, such as product searches, portfolio choices, and human resource procurement. These tasks often involve a trade-off between exploration and exploitation, which can be highly...
Persistent link: https://www.econbiz.de/10013482224
Can algorithms help people predict behavior in high-stakes prisoner’s dilemmas? Participants watching the pre-play communication of contestants in the TV show Golden Balls display a limited ability to predict contestants’ behavior, while algorithms do significantly better. We provide...
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