AIMC Topic: Economics, Behavioral

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Robo-investment aversion.

PloS one
In five experiments (N = 3,828), we investigate whether people prefer investment decisions to be made by human investment managers rather than by algorithms ("robos"). In all of the studies we investigate morally controversial companies, as it is pla...

Experimentally revealed stochastic preferences for multicomponent choice options.

Journal of experimental psychology. Animal learning and cognition
Realistic, everyday rewards contain multiple components. An apple has taste and size. However, we choose in single dimensions, simply preferring some apples to others. How can such single-dimensional preference relationships refer to multicomponent c...

Mental labour.

Nature human behaviour
Mental effort is an elementary notion in our folk psychology and a familiar fixture in everyday introspective experience. However, as an object of scientific study, mental effort has remained rather elusive. Cognitive psychology has provided some too...

Economic reasoning and artificial intelligence.

Science (New York, N.Y.)
The field of artificial intelligence (AI) strives to build rational agents capable of perceiving the world around them and taking actions to advance specified goals. Put another way, AI researchers aim to construct a synthetic homo economicus, the my...

Autoshaped choice in artificial neural networks: implications for behavioral economics and neuroeconomics.

Behavioural processes
An existing neural network model of conditioning was used to simulate autoshaped choice. In this phenomenon, pigeons first receive an autoshaping procedure with two keylight stimuli X and Y separately paired with food in a forward-delay manner, inter...