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Large language models (LLMs) enable researchers to analyze text at unprecedented scale and minimal cost. Researchers can now revisit old questions and tackle novel ones with rich data. We provide an econometric framework for realizing this…

Econometrics · Economics 2025-12-08 Jens Ludwig , Sendhil Mullainathan , Ashesh Rambachan

Large Language Models (LLMs) trained via Reinforcement Learning (RL) have recently achieved impressive results on reasoning benchmarks. Yet, growing evidence shows that these models often generate longer but ineffective chains of thought…

Machine Learning · Computer Science 2025-07-02 Jhouben Cuesta-Ramirez , Samuel Beaussant , Mehdi Mounsif

We surely enjoy the larger the better models for their superior performance in the last couple of years when both the hardware and software support the birth of such extremely huge models. The applied fields include text mining and others.…

Computation and Language · Computer Science 2024-06-04 Hanjuan Huang , Hao-Jia Song , Hsing-Kuo Pao

Understanding the limits of language is a prerequisite for Large Language Models (LLMs) to act as theories of natural language. LLM performance in some language tasks presents both quantitative and qualitative differences from that of…

Computation and Language · Computer Science 2025-06-30 Vittoria Dentella , Fritz Guenther , Evelina Leivada

Logical reasoning consistently plays a fundamental and significant role in the domains of knowledge engineering and artificial intelligence. Recently, Large Language Models (LLMs) have emerged as a noteworthy innovation in natural language…

Computation and Language · Computer Science 2024-09-17 Fangzhi Xu , Qika Lin , Jiawei Han , Tianzhe Zhao , Jun Liu , Erik Cambria

This paper investigates whether large language models (LLMs) can generate reliable stock market predictions. We evaluate four state-of-the-art models - ChatGPT, Gemini, DeepSeek, and Perplexity - across three prompting strategies: a naive…

Trading and Market Microstructure · Quantitative Finance 2026-04-21 Ricardo Crisostomo , Diana Mykhalyuk

Machine learning practitioners often face significant challenges in formally integrating their prior knowledge and beliefs into predictive models, limiting the potential for nuanced and context-aware analyses. Moreover, the expertise needed…

Machine Learning · Statistics 2024-12-23 James Requeima , John Bronskill , Dami Choi , Richard E. Turner , David Duvenaud

Language models (LMs) are machine learning models designed to predict linguistic patterns by estimating the probability of word sequences based on large-scale datasets, such as text. LMs have a wide range of applications in natural language…

Large language models (LLMs) are demonstrably capable of cross-lingual transfer, but can produce inconsistent output when prompted with the same queries written in different languages. To understand how language models are able to…

Computation and Language · Computer Science 2025-09-29 Zheng Wei Lim , Alham Fikri Aji , Trevor Cohn

Large language models (LLMs) have exhibited impressive capabilities across a myriad of tasks, yet they occasionally yield undesirable outputs. We posit that these limitations are rooted in the foundational autoregressive architecture of…

Computation and Language · Computer Science 2025-03-03 Cheng Yang , Chufan Shi , Siheng Li , Bo Shui , Yujiu Yang , Wai Lam

The prediction has served as a crucial scientific method in modern social studies. With the recent advancement of Large Language Models (LLMs), efforts have been made to leverage LLMs to predict the human features in social life, such as…

Computers and Society · Computer Science 2024-02-21 Kaiqi Yang , Hang Li , Hongzhi Wen , Tai-Quan Peng , Jiliang Tang , Hui Liu

The observed similarities in the behavior of humans and Large Language Models (LLMs) have prompted researchers to consider the potential of using LLMs as models of human cognition. However, several significant challenges must be addressed…

Artificial Intelligence · Computer Science 2025-05-07 Jian-Qiao Zhu , Haijiang Yan , Thomas L. Griffiths

Subjective well-being is a key metric in economic, medical, and policy decision-making. As artificial intelligence provides scalable tools for modelling human outcomes, it is crucial to evaluate whether large language models (LLMs) can…

Human-Computer Interaction · Computer Science 2025-07-09 Pat Pataranutaporn , Nattavudh Powdthavee , Chayapatr Archiwaranguprok , Pattie Maes

Large Language Models (LLMs) excel in handling general knowledge tasks, yet they struggle with user-specific personalization, such as understanding individual emotions, writing styles, and preferences. Personalized Large Language Models…

Artificial Intelligence · Computer Science 2025-09-23 Jiahong Liu , Zexuan Qiu , Zhongyang Li , Quanyu Dai , Wenhao Yu , Jieming Zhu , Minda Hu , Menglin Yang , Tat-Seng Chua , Irwin King

Large language models (LLMs), such as ChatGPT, have shown remarkable abilities in natural language processing, opening new avenues in psychological research. This study explores whether LLMs can predict human memory performance in tasks…

Computation and Language · Computer Science 2025-11-25 Markus Huff , Elanur Ulakçı

The paper underscores the significance of Large Language Models (LLMs) in reshaping recommender systems, attributing their value to unique reasoning abilities absent in traditional recommenders. Unlike conventional systems lacking direct…

Information Retrieval · Computer Science 2024-03-20 Arpita Vats , Vinija Jain , Rahul Raja , Aman Chadha

The rapid evolution of Large Language Models (LLMs) has markedly expanded their application across diverse domains, transforming how complex problems are approached and solved. Initially conceived to predict subsequent words in texts, these…

Artificial Intelligence · Computer Science 2024-07-11 Sumedh Rasal , E. J. Hauer

Languages are shaped by the inductive biases of their users. Using a classical referential game, we investigate how artificial languages evolve when optimised for inductive biases in humans and large language models (LLMs) via Human-Human,…

Computation and Language · Computer Science 2025-05-29 Tom Kouwenhoven , Max Peeperkorn , Roy de Kleijn , Tessa Verhoef

Recently, Large Language Models (LLMs) have drawn significant attention due to their outstanding reasoning capabilities and extensive knowledge repository, positioning them as superior in handling various natural language processing tasks…

Computation and Language · Computer Science 2023-11-30 Han Cao , Lingwei Wei , Mengyang Chen , Wei Zhou , Songlin Hu

Language models have steadily increased in size over the past few years. They achieve a high level of performance on various natural language processing (NLP) tasks such as question answering and summarization. Large language models (LLMs)…

Computation and Language · Computer Science 2023-01-31 Jessica Huynh , Cathy Jiao , Prakhar Gupta , Shikib Mehri , Payal Bajaj , Vishrav Chaudhary , Maxine Eskenazi