Technological Shocks & Algorithmic Decision Aids in #CredenceGoods Markets http://d.repec.org/n?u=RePEc:arx:papers:2401.17929&r=ain
"…high-ability experts may forego decision aid in order to differentiate themselves from low-ability experts
…experiment supports hypothesis: high-ability experts are less likely than low-ability experts to invest into an algorithmic decision aid
…pervasive under-investments, & no effect on expert #honesty"
#ExperimentalEcon #ai #IndustrialOrganization
"…high-ability experts may forego decision aid in order to differentiate themselves from low-ability experts
…experiment supports hypothesis: high-ability experts are less likely than low-ability experts to invest into an algorithmic decision aid
…pervasive under-investments, & no effect on expert #honesty"
#ExperimentalEcon #ai #IndustrialOrganization