Some of the most fundamental questions concerning our evolutionary origins, our social relations, and the organization of society are centred around issues of altruism and …
Large language models have been shown useful in multiple domains including conversational agents, education, and explainable AI. ChatGPT is a large language model …
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 …
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 …
We demonstrate that a simple model, constructed on the premise that people are motivated by both their pecuniary payoff and their relative payoff standing, organizes a large and …
Environments with public goods are a wonderful playground for those interested in delicate experimental problems, serious theoretical challenges, and difficult mechanism design …
SD Levitt, JA List - Journal of Economic perspectives, 2007 - aeaweb.org
A critical question facing experimental economists is whether behavior inside the laboratory is a good indicator of behavior outside the laboratory. To address that question, we build a …
SUBJECTS IN ECONOMIC LABORATORY experiments have clearly expressed an interest in behaving unselfishly. They cooperate in prisoners' dilemma games, they give to public …
One lingering puzzle is why voluntary contributions to public goods decline over time in experimental and real-world settings. We show that the decline of cooperation is driven by …