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Register a new userPaid and hypothetical time preferences are the same: Lab, field and online evidence
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The use of hypothetical instead of real decision-making incentives remains under debate after decades of economic experiments. Standard incentivized experiments involve substantial monetary costs due to participants earnings and often logistic costs as well. In time preferences experiments, which involve future payments, real payments are particularly problematic. Since immediate rewards frequently have lower transaction costs than delayed rewards in experimental tasks, among other issues, (quasi)hyperbolic functional forms cannot be accurately estimated. What if hypothetical payments provide accurate data which, moreover, avoid transaction cost problems? In this paper, we test whether the use of hypothetical - versus real - payments affects the elicitation of short-term and long-term discounting in a standard multiple price list task. One-out-of-ten participants probabilistic payment schemes are also considered. We analyze data from three studies: a lab experiment in Spain, a well-powered field experiment in Nigeria, and an online extension focused on probabilistic payments. Our results indicate that paid and hypothetical time preferences are mostly the same and, therefore, that hypothetical rewards are a good alternative to real rewards. However, our data suggest that probabilistic payments are not.
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One-shot anonymous unselfishness in economic games is commonly explained by social preferences, which assume that people care about the monetary payoffs of others. However, during the last ten years, research has shown that different types of unselfish behaviour, including cooperation, altruism, truth-telling, altruistic punishment, and trustworthiness are in fact better explained by preferences for following ones own personal norms - internal standards about what is right or wrong in a given situation. Beyond better organising various forms of unselfish behaviour, this moral preference hypothesis has recently also been used to increase charitable donations, simply by means of interventions that make the morality of an action salient. Here we review experimental and theoretical work dedicated to this rapidly growing field of research, and in doing so we outline mathematical foundations for moral preferences that can be used in future models to better understand selfless human actions and to adjust policies accordingly. These foundations can also be used by artificial intelligence to better navigate the complex landscape of human morality.
In this paper, we consider a form of multi-issue negotiation where a shop negotiates both the contents and the price of bundles of goods with his customers. We present some key insights about, as well as a procedure for, locating mutually beneficial alternatives to the bundle currently under negotiation. The essence of our approach lies in combining aggregate (anonymous) knowledge of customer preferences with current data about the ongoing negotiation process. The developed procedure either works with already obtained aggregate knowledge or, in the absence of such knowledge, learns the relevant information online. We conduct computer experiments with simulated customers that have_nonlinear_ preferences. We show how, for various types of customers, with distinct negotiation heuristics, our procedure (with and without the necessary aggregate knowledge) increases the speed with which deals are reached, as well as the number and the Pareto efficiency of the deals reached compared to a benchmark.
How should we decide which fairness criteria or definitions to adopt in machine learning systems? To answer this question, we must study the fairness preferences of actual users of machine learning systems. Stringent parity constraints on treatment or impact can come with trade-offs, and may not even be preferred by the social groups in question (Zafar et al., 2017). Thus it might be beneficial to elicit what the groups preferences are, rather than rely on a priori defined mathematical fairness constraints. Simply asking for self-reported rankings of users is challenging because research has shown that there are often gaps between peoples stated and actual preferences(Bernheim et al., 2013). This paper outlines a research program and experimental designs for investigating these questions. Participants in the experiments are invited to perform a set of tasks in exchange for a base payment--they are told upfront that they may receive a bonus later on, and the bonus could depend on some combination of output quantity and quality. The same group of workers then votes on a bonus payment structure, to elicit preferences. The voting is hypothetical (not tied to an outcome) for half the group and actual (tied to the actual payment outcome) for the other half, so that we can understand the relation between a groups actual preferences and hypothetical (stated) preferences. Connections and lessons from fairness in machine learning are explored.
Different models of social influence have explored the dynamics of social contagion, imitation, and diffusion of different types of traits, opinions, and conducts. However, few behavioral data indicating social influence dynamics have been obtained from direct observation in `natural social contexts. The present research provides that kind of evidence in the case of the public expression of political preferences in the city of Barcelona, where thousands of citizens supporting the secession of Catalonia from Spain have placed a Catalan flag in their balconies. We present two different studies. 1) In July 2013 we registered the number of flags in 26% of the the city. We find that there is a large dispersion in the density of flags in districts with similar density of pro-independence voters. However, we find that the density of flags tends to be fostered in those electoral district where there is a clear majority of pro-independence vote, while it is inhibited in the opposite cases. 2) During 17 days around Catalonias 2013 National Holiday we observed the position at balcony resolution of the flags displayed in the facades of 82 blocks. We compare the clustering of flags on the facades observed each day to equivalent random distributions and find that successive hangings of flags are not independent events but that a local influence mechanism is favoring their clustering. We also find that except for the National Holiday day the density of flags tends to be fostered in those facades where there is a clear majority of pro-independence vote.
In this paper, we target at recovering the exact routes taken by commuters inside a metro system that arenot captured by an Automated Fare Collection (AFC) system and hence remain unknown. We strategicallypropose two inference tasks to handle the recovering, one to infer the travel time of each travel link thatcontributes to the total duration of any trip inside a metro network and the other to infer the route preferencesbased on historical trip records and the travel time of each travel link inferred in the previous inferencetask. As these two inference tasks have interrelationship, most of existing works perform these two taskssimultaneously. However, our solutionTripDecoderadopts a totally different approach. To the best of ourknowledge,TripDecoderis the first model that points out and fully utilizes the fact that there are some tripsinside a metro system with only one practical route available. It strategically decouples these two inferencetasks by only taking those trip records with only one practical route as the input for the first inference taskof travel time and feeding the inferred travel time to the second inference task as an additional input whichnot only improves the accuracy but also effectively reduces the complexity of both inference tasks. Twocase studies have been performed based on the city-scale real trip records captured by the AFC systems inSingapore and Taipei to compare the accuracy and efficiency ofTripDecoderand its competitors. As expected,TripDecoderhas achieved the best accuracy in both datasets, and it also demonstrates its superior efficiencyand scalability.
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