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We tested the effectiveness of prepayment for advice and aligned incentives as mechanisms for enhancing trust in unfamiliar advisers in decision-making under uncertainty. Participants were low-income Zimbabweans who played two rounds of the Monty Hall three-door game. In round 1, participants...
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Agent based modeling is a technique for simulating complex systems that allows the modeler to investigate both the potential for and the sources of emergent properties: behaviors of the system quite different from the behavior of any of the elements within it. Problems well suited to...
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