Economic agents are not always rational or farsighted and can make decisions according to
simple behavioral rules that vary according to situation and can be studied using the tools of …

Most economic models are based on the self-interest hypothesis that assumes that material
self-interest exclusively motivates all people. Experimental economists have gathered …

Increasingly, algorithms are supplanting human decision-makers in pricing goods and
services. To analyze the possible consequences, we study experimentally the behavior of …

Agent-based modeling (ABM) is a novel computational methodology for representing the
behavior of individuals in order to study social phenomena. Its use is rapidly growing in …

The current mainstream approach to train natural language systems is to expose them to
large amounts of text. This passive learning is problematic if we are interested in developing …

Принято считать, что существующие различия в экономике, политике и обществе
отражают влияние различных институтов. Но среди экономистов, политологов и …

An indispensable survey of new developments and results in experimental economics When
The Handbook of Experimental Economics first came out in 1995, the notion of economists …

Take-it or leave-it offers are probably as old as mankind. Our objective here is, first, to
provide a, probably subjectively colored, recollection of the initial ultimatum game …

There is strong evidence that people exploit their bargaining power in competitive markets
but not in bilateral bargaining situations. There is also strong evidence that people exploit …

Game theory, the formalized study of strategy, began in the 1940s by asking how
emotionless geniuses should play games, but ignored until recently how average people …