The impact of accelerated advancements in artificial intelligence (AI) on economic development remains a topic of debate in the current era. It is thought by some that AI has the potential to stimulate economic development; however, the precise function of AI remains uncertain. In order to...

We empirically evaluate a behavioural model with boundedly rational traders who disagree about the persistence of deviations from the fundamental stock price. Fundamentalist traders believe in mean-reversion, while chartists extrapolate trends. Agents gradually switch between the two rules,...

Most evidence of hyperbolic discounting is based on violations of either stationarity or time consistency as observed in choice experiments. These choice reversals may however also result from time-varying discount rates. Hyperbolic discounting is a plausible explanation for choice reversals...