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Large language models (LLMs) are increasingly used in social science simulations. While their performance on reasoning and optimization tasks has been extensively evaluated, less attention has been paid to their ability to simulate human…

Computational Engineering, Finance, and Science · Computer Science 2025-08-25 Yuanjun Feng , Vivek Choudhary , Yash Raj Shrestha

Human decision-making belongs to the foundation of our society and civilization, but we are on the verge of a future where much of it will be delegated to artificial intelligence. The arrival of Large Language Models (LLMs) has transformed…

Artificial Intelligence · Computer Science 2025-06-23 Hao Li , Gengrui Zhang , Petter Holme , Shuyue Hu , Zhen Wang

Large language model (LLM) simulations of human behavior have the potential to revolutionize the social and behavioral sciences, if and only if they faithfully reflect real human behaviors. Current evaluations of simulation fidelity are…

Computation and Language · Computer Science 2026-04-14 Tiancheng Hu , Joachim Baumann , Lorenzo Lupo , Nigel Collier , Dirk Hovy , Paul Röttger

Predicting human decision-making in high-stakes environments remains a central challenge for artificial intelligence. While large language models (LLMs) demonstrate strong general reasoning, they often struggle to generate consistent,…

Artificial Intelligence · Computer Science 2026-02-20 Ben Yellin , Ehud Ezra , Mark Foreman , Shula Grinapol

Large Language Models (LLMs) are increasingly applied to domains that require reasoning about other agents' behavior, such as negotiation, policy design, and market simulation, yet existing research has mostly evaluated their adherence to…

Artificial Intelligence · Computer Science 2025-10-14 Enric Junque de Fortuny , Veronica Roberta Cappelli

The rapid rise in popularity of Large Language Models (LLMs) with emerging capabilities has spurred public curiosity to evaluate and compare different LLMs, leading many researchers to propose their own LLM benchmarks. Noticing preliminary…

Artificial Intelligence · Computer Science 2025-05-15 Timothy R. McIntosh , Teo Susnjak , Nalin Arachchilage , Tong Liu , Paul Watters , Malka N. Halgamuge

Large language models (LLMs) increasingly mediate economic and organisational processes, from automated customer support and recruitment to investment advice and policy analysis. These systems are often assumed to embody rational decision…

General Economics · Economics 2025-11-18 Luca Corazzini , Elisa Deriu , Marco Guerzoni

Recent advances in large language models (LLMs) have enabled their use in complex agentic roles, involving decision-making with humans or other agents, making ethical alignment a key AI safety concern. While prior work has examined both…

Computation and Language · Computer Science 2025-05-27 Steffen Backmann , David Guzman Piedrahita , Emanuel Tewolde , Rada Mihalcea , Bernhard Schölkopf , Zhijing Jin

The rapid advancement of LLMs sparked significant interest in their potential to augment or automate managerial functions. One of the most recent trends in AI benchmarking is performance of Large Language Models (LLMs) over longer time…

Artificial Intelligence · Computer Science 2025-10-01 Berdymyrat Ovezmyradov

Large Language Models (LLMs) are increasingly employed in software engineering tasks such as requirements elicitation, design, and evaluation, raising critical questions regarding their alignment with human judgments on responsible AI…

Software Engineering · Computer Science 2025-11-07 Asma Yamani , Malak Baslyman , Moataz Ahmed

As Large Language Models (LLMs) become increasingly integrated into our everyday lives, understanding their ability to comprehend human mental states becomes critical for ensuring effective interactions. However, despite the recent attempts…

Computation and Language · Computer Science 2023-12-06 Kanishk Gandhi , Jan-Philipp Fränken , Tobias Gerstenberg , Noah D. Goodman

We consider the problem of aligning a large language model (LLM) to model the preferences of a human population. Modeling the beliefs, preferences, and behaviors of a specific population can be useful for a variety of different…

Computation and Language · Computer Science 2024-04-01 Keiichi Namikoshi , Alex Filipowicz , David A. Shamma , Rumen Iliev , Candice L. Hogan , Nikos Arechiga

Large language models (LLMs) are increasingly used to simulate human decision-making, but their intrinsic biases often diverge from real human behavior--limiting their ability to reflect population-level diversity. We address this challenge…

Computer Science and Game Theory · Computer Science 2025-08-27 Ayato Kitadai , Yusuke Fukasawa , Nariaki Nishino

Large language models (LLMs) exhibit expert-level performance in tasks across a wide range of different domains. Ethical issues raised by LLMs and the need to align future versions makes it important to know how state of the art models…

Artificial Intelligence · Computer Science 2024-05-24 Guilherme F. C. F. Almeida , José Luiz Nunes , Neele Engelmann , Alex Wiegmann , Marcelo de Araújo

Large Language Models (LLMs) exhibit surprisingly diverse risk preferences when acting as AI decision makers, a crucial characteristic whose origins remain poorly understood despite their expanding economic roles. We analyze 50 LLMs using…

General Economics · Economics 2025-06-11 Shumiao Ouyang , Hayong Yun , Xingjian Zheng

Large Language Models (LLMs) have revolutionized artificial intelligence, demonstrating remarkable computational power and linguistic capabilities. However, these models are inherently prone to various biases stemming from their training…

Computation and Language · Computer Science 2025-02-14 Riccardo Cantini , Giada Cosenza , Alessio Orsino , Domenico Talia

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

Large Language Models have been shown to demonstrate stereotypical biases in their representations and behavior due to the discriminative nature of the data that they have been trained on. Despite significant progress in the development of…

Computation and Language · Computer Science 2025-10-29 Kaveh Eskandari Miandoab , Mahammed Kamruzzaman , Arshia Gharooni , Gene Louis Kim , Vasanth Sarathy , Ninareh Mehrabi

Large Language Models (LLMs) push the bound-aries in natural language processing and generative AI, driving progress across various aspects of modern society. Unfortunately, the pervasive issue of bias in LLMs responses (i.e., predictions)…

Computation and Language · Computer Science 2025-05-20 Isabela Pereira Gregio , Ian Pons , Anna Helena Reali Costa , Artur Jordão

As Large Language Models (LLMs) evolve from static dialogue interfaces to autonomous general agents, effective memory is paramount to ensuring long-term consistency. However, existing benchmarks primarily focus on casual conversation or…

Computation and Language · Computer Science 2026-01-13 Haonan Bian , Zhiyuan Yao , Sen Hu , Zishan Xu , Shaolei Zhang , Yifu Guo , Ziliang Yang , Xueran Han , Huacan Wang , Ronghao Chen
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