Related papers: Surveying Generative AI's Economic Expectations

This white paper presents our work on SurveyLM, a platform for analyzing augmented language models' (ALMs) emergent alignment behaviors through their dynamically evolving attitude and value perspectives in complex social contexts. Social…

Recent advances in Generative Artificial Intelligence, particularly Large Language Models (LLMs), have stimulated growing interest in automating or assisting Business Process Modeling tasks using natural language. Several approaches have…

In recent research, large language models (LLMs) have been increasingly used to investigate public opinions. This study investigates the algorithmic fidelity of LLMs, i.e., the ability to replicate the socio-cultural context and nuanced…

The exponential growth of text-based data in domains such as healthcare, education, and social sciences has outpaced the capacity of traditional qualitative analysis methods, which are time-intensive and prone to subjectivity. Large…

We investigate whether Large Language Models (LLMs) can track public opinion as measured by exit polls during the 2024 U.S. presidential election cycle. Our analysis focuses on headline favorability (e.g., "Favorable" vs. "Unfavorable") of…

Large language models (LLMs) are increasingly used to assist ideation in research, but evaluating the quality of LLM-generated research proposals remains difficult: novelty and soundness are hard to measure automatically, and large-scale…

Current approaches to data discovery match keywords between metadata and queries. This matching requires researchers to know the exact wording that other researchers previously used, creating a challenging process that could lead to missing…

Recent progress in large language models (LLMs) has focused on producing responses that meet human expectations and align with shared values - a process coined alignment. However, aligning LLMs remains challenging due to the inherent…

Large Language Models (LLMs) have demonstrated exceptional capabilities in generalizing to new tasks in a zero-shot or few-shot manner. However, the extent to which LLMs can comprehend user preferences based on their previous behavior…

Large language models (LLMs) are supposed to acquire unconscious human knowledge and feelings, such as social common sense and biases, by training models from large amounts of text. However, it is not clear how much the sentiments of…

This paper investigates whether large language models (LLMs) can improve cross-sectional momentum strategies by extracting predictive signals from firm-specific news. We combine daily U.S. equity returns for S&P 500 constituents with…

When Artificial Intelligence (AI) is used to replace consumers (e.g., synthetic data), it is often assumed that AI emulates established consumers, and more generally human behaviors. Ten experiments with Large Language Models (LLMs)…

Qualitative analysis of open-ended interviews plays a central role in ethnographic and economic research by uncovering individuals' values, motivations, and culturally embedded financial behaviors. While large language models (LLMs) offer…

Recently, Large Language Models (LLMs) have demonstrated great potential in various data mining tasks, such as knowledge question answering, mathematical reasoning, and commonsense reasoning. However, the reasoning capability of LLMs on…

This paper investigates how Large Language Models (LLMs) from leading providers (OpenAI, Google, Anthropic, DeepSeek, and xAI) can be applied to quantitative sector-based portfolio construction. We use LLMs to identify investable universes…

Advancements in large language models (LLMs) have sparked a growing interest in measuring and understanding their behavior through experimental economics. However, there is still a lack of established guidelines for designing economic…

Conventional predictive modeling of parametric relationships in manufacturing processes is limited by the subjectivity of human expertise and intuition on the one hand and by the cost and time of experimental data generation on the other…

Large Language Models (LLMs) have transformed numerous domains by providing advanced capabilities in natural language understanding, generation, and reasoning. Despite their groundbreaking applications across industries such as research,…

How well can AI-derived synthetic research data replicate the responses of human participants? An emerging literature has begun to engage with this question, which carries deep implications for organizational research practice. This article…

This study examines the potential of large language models (LLMs) to augment the academic peer review process by reliably evaluating the quality of economics research without introducing systematic bias. We conduct one of the first…