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Humans are not homo economicus (i.e., rational economic beings). As humans, we exhibit systematic behavioral biases such as loss aversion, anchoring, framing, etc., which lead us to make suboptimal economic decisions. Insofar as such biases…

Computation and Language · Computer Science 2024-08-07 Jillian Ross , Yoon Kim , Andrew W. Lo

Reasoning is a fundamental cognitive process underlying inference, problem-solving, and decision-making. While large language models (LLMs) demonstrate strong reasoning capabilities in closed-world settings, they struggle in open-ended and…

In recent years, Large Language Models (LLMs) have demonstrated remarkable versatility across various applications, including natural language understanding, domain-specific knowledge tasks, etc. However, applying LLMs to complex,…

Computation and Language · Computer Science 2024-11-12 Xinqi Yang , Scott Zang , Yong Ren , Dingjie Peng , Zheng Wen

LLM-based agents represent a paradigm shift in AI, enabling autonomous systems to plan, reason, and use tools while interacting with dynamic environments. This paper provides the first comprehensive survey of evaluation methods for these…

Artificial Intelligence · Computer Science 2026-04-24 Asaf Yehudai , Lilach Eden , Alan Li , Guy Uziel , Yilun Zhao , Roy Bar-Haim , Arman Cohan , Michal Shmueli-Scheuer

Large Language Models (LLMs) have been shown to achieve breakthrough performance on complex logical reasoning tasks. Nevertheless, most existing research focuses on employing formal language to guide LLMs to derive reliable reasoning paths,…

Computation and Language · Computer Science 2025-05-23 Jin Jiang , Jianing Wang , Yuchen Yan , Yang Liu , Jianhua Zhu , Mengdi Zhang , Xunliang Cai , Liangcai Gao

As LLMs increasingly act as autonomous agents in interactive and multi-agent settings, understanding their strategic behavior is critical for safety, coordination, and AI-driven social and economic systems. We investigate how payoff…

Recently, large language models (LLMs) and reasoning large language models (RLLMs) have gained considerable attention from many researchers. RLLMs enhance the reasoning capabilities of LLMs through Long Chain-of-Thought (Long CoT)…

Computation and Language · Computer Science 2026-04-14 Peng Wang , Xuesi Hu , Jiageng Wu , Yuntao Zou , Qiancheng Zhang , Dagang Li

Large language models (LLMs) are increasingly explored as general-purpose reasoners, particularly in agentic contexts. However, their outputs remain prone to mathematical and logical errors. This is especially challenging in open-ended…

Artificial Intelligence · Computer Science 2025-05-30 Agnieszka Mensfelt , Kostas Stathis , Vince Trencsenyi

Within the domain of Massively Multiplayer Online (MMO) economy research, Agent-Based Modeling (ABM) has emerged as a robust tool for analyzing game economics, evolving from rule-based agents to decision-making agents enhanced by…

Artificial Intelligence · Computer Science 2025-06-06 Bihan Xu , Shiwei Zhao , Runze Wu , Zhenya Huang , Jiawei Wang , Zhipeng Hu , Kai Wang , Haoyu Liu , Tangjie Lv , Le Li , Changjie Fan , Xin Tong , Jiangze Han

Humans continuously make new discoveries, and understanding temporal sequence of events leading to these breakthroughs is essential for advancing science and society. This ability to reason over time allows us to identify future steps and…

Computation and Language · Computer Science 2025-04-03 Abhilash Shankarampeta , Harsh Mahajan , Tushar Kataria , Dan Roth , Vivek Gupta

Large language models (LLMs) are increasingly being deployed as autonomous agents on behalf of institutions and individuals in economic, political, and social settings that involve negotiation. Yet this trend carries significant risks if…

Computer Science and Game Theory · Computer Science 2025-12-19 Manuel S. Ríos , Ruben F. Manrique , Nicanor Quijano , Luis F. Giraldo

In large language model (LLM) agents, reasoning trajectories are treated as reliable internal beliefs for guiding actions and updating memory. However, coherent reasoning can still violate logical or evidential constraints, allowing…

Artificial Intelligence · Computer Science 2026-04-10 Wenhao Yuan , Chenchen Lin , Jian Chen , Jinfeng Xu , Xuehe Wang , Edith Cheuk Han Ngai

Large Language Models (LLMs) have achieved remarkable success across a wide array of tasks. Due to the impressive planning and reasoning abilities of LLMs, they have been used as autonomous agents to do many tasks automatically. Recently,…

Computation and Language · Computer Science 2024-04-22 Taicheng Guo , Xiuying Chen , Yaqi Wang , Ruidi Chang , Shichao Pei , Nitesh V. Chawla , Olaf Wiest , Xiangliang Zhang

Large pretrained models are showing increasingly better performance in reasoning and planning tasks across different modalities, opening the possibility to leverage them for complex sequential decision making problems. In this paper, we…

Artificial Intelligence · Computer Science 2024-10-10 Martin Klissarov , Devon Hjelm , Alexander Toshev , Bogdan Mazoure

Large Language Models (LLMs) have demonstrated impressive reasoning abilities through test-time computation (TTC) techniques such as chain-of-thought prompting and tree-based reasoning. However, we argue that current reasoning LLMs (RLLMs)…

Computation and Language · Computer Science 2025-05-27 Jiahao Lu , Ziwei Xu , Mohan Kankanhalli

Large Language Models (LLMs) are increasingly used in decision-making scenarios that involve risk assessment, yet their alignment with human economic rationality remains unclear. In this study, we investigate whether LLMs exhibit risk…

General Economics · Economics 2025-09-16 Jiaxin Liu , Yixuan Tang , Yi Yang , Kar Yan Tam

The emergence of Large Language Models (LLMs) with increasingly sophisticated natural language understanding and generative capabilities has sparked interest in the Agent-based Modelling (ABM) community. With their ability to summarize,…

Studies have underscored how, regardless of the recent breakthrough and swift advances in AI research, even state-of-the-art Large Language models (LLMs) continue to struggle when performing logical and mathematical reasoning. The results…

Artificial Intelligence · Computer Science 2024-12-20 Federico Castagna , Isabel Sassoon , Simon Parsons

Reinforcement learning (RL) has demonstrated strong potential in training large language models (LLMs) capable of complex reasoning for real-world problem solving. More recently, RL has been leveraged to create sophisticated LLM-based…

Computation and Language · Computer Science 2025-05-22 Bowen Jin , Jinsung Yoon , Priyanka Kargupta , Sercan O. Arik , Jiawei Han

Large language models (LLMs) increasingly participate in morally sensitive decision-making, yet how they organize ethical frameworks across reasoning steps remains underexplored. We introduce \textit{moral reasoning trajectories}, sequences…

Computation and Language · Computer Science 2026-03-18 Fan Huang , Haewoon Kwak , Jisun An