The Robotic Herd: Using Human-Bot Interactions to Explore Irrational Herding
A study of 1,997 participants playing a minority game with bots found that 30% followed the majority, despite theoretical expectations of no herding. The study explored how humans interact with automated entities and how their behavior changes when they are aware of interacting with bots. Herding behavior persisted even when participants were aware of interacting with automated entities.
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Should the government reward cooperation? Insights from an agent-based model of wealth redistribution
A multi-agent model was used to investigate how government bonuses impact cooperation. The model showed that bonuses can promote cooperation, especially in a global information regime. In this regime, the critical bonus needed to encourage cooperation decreases as the level of cooperation increases. This allows the government to lower tax rates while maintaining high cooperation levels.
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