The Dr. Theo and Friedl Schöller Research Center for Business and Society has awarded Dr. Daniel Schnurr with a Schöller Fellowship. With the fellowship the Schöller Research Center provides funding up to 20.000 € for the realization of the research project “Humans vs. Machines: Competing with Artificial Intelligence in Digital Markets”, proposed by Dr. Schnurr.
The mission of the Dr. Theo and Friedl Schöller Research Center for Business and Society is to perform innovative top-level research in the fields of business and economics. With the financial support of the Theo and Friedl Schöller Foundation, the Research Center awards up to four Schöller Fellowships each year. The Fellowships are designed to enable scholars of exceptional promise and demonstrated accomplishment to pursue research projects relevant to business and society.
The research project „Humans vs. Machines: Competing with Artificial Intelligence in Digital Markets“ investigates the competitive interactions between human and artificial intelligence and analyzes the economic implications of machine learning in digital markets. A series of laboratory experiments explores the impact of algorithmic decision-making on market outcomes if prices are determined autonomously by machine learning techniques. The project aims to inform policy makers and managers about potential threats and strategic opportunities of artificial intelligence in digital markets. The research project will be carried out in close cooperation with Prof. Dr. Verena Tiefenbeck.