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Theory of Mind (ToM) refers to the ability of individuals to attribute mental states to others. While Large Language Models (LLMs) have shown some promise with ToM ability, they still struggle with complex ToM reasoning. Our approach…
Large Language Models (LLMs) have demonstrated human-like capabilities in language comprehension and generation, becoming active participants in social and cognitive domains. This study investigates whether LLMs exhibit personality-like…
This paper investigates the ability of Large Language Models (LLMs), specifically GPT-3.5-turbo (GPT), to form inflation perceptions and expectations based on macroeconomic price signals. We compare the LLM's output to household survey data…
Cognitive Reframing, a core element of Cognitive Behavioral Therapy (CBT), helps individuals reinterpret negative experiences by finding positive meaning. Recent advances in Large Language Models (LLMs) have demonstrated improved…
In the rapidly evolving field of Large Language Models (LLMs), there is a critical need to thoroughly analyze their capabilities and risks. Central to our investigation are two novel elements. Firstly, it is the innovative parallels between…
Behavioral simulation is increasingly used to anticipate responses to interventions. Large language models (LLMs) enable researchers to specify population characteristics and intervention context in natural language, but it remains unclear…
This paper explores how Large Language Models (LLMs) behave in a classic experimental finance paradigm widely known for eliciting bubbles and crashes in human participants. We adapt an established trading design, where traders buy and sell…
Simulating society with large language models (LLMs), we argue, requires more than generating plausible behavior; it demands cognitively grounded reasoning that is structured, revisable, and traceable. LLM-based agents are increasingly used…
Analogical reasoning is at the core of human cognition, serving as an important foundation for a variety of intellectual activities. While prior work has shown that LLMs can represent task patterns and surface-level concepts, it remains…
Large Language Models (LLMs) have made significant advances in natural language processing, but their underlying mechanisms are often misunderstood. Despite exhibiting coherent answers and apparent reasoning behaviors, LLMs rely on…
We propose a novel framework for comprehending the reasoning capabilities of large language models (LLMs) through the perspective of meta-learning. By conceptualizing reasoning trajectories as pseudo-gradient descent updates to the LLM's…
Large language models (LLMs) are increasingly used in domains where causal reasoning matters, yet it remains unclear whether their judgments reflect normative causal computation, human-like shortcuts, or brittle pattern matching. We…
Large Language Models (LLMs) are increasingly adopted in financial analysis for interpreting complex market data and trends. However, their use is challenged by intrinsic biases (e.g., risk-preference bias) and a superficial understanding…
In this article, we explore the transformative potential of integrating generative AI, particularly Large Language Models (LLMs), into behavioral and experimental economics to enhance internal validity. By leveraging AI tools, researchers…
Large language models (LLMs) have shown significant progress in reasoning tasks. However, recent studies show that transformers and LLMs fail catastrophically once reasoning problems exceed modest complexity. We revisit these findings…
We investigate the degree to which human plausibility judgments of multiple-choice commonsense benchmark answers are subject to influence by (im)plausibility arguments for or against an answer, in particular, using rationales generated by…
Theory based AI research has had a hard time recently and the aim here is to propose a model of what LLMs are actually doing when they impress us with their language skills. The model integrates three established theories of human…
Can AI systems like large language models (LLMs) replace human participants in behavioral and psychological research? Here I critically evaluate the "replacement" perspective and identify six interpretive fallacies that undermine its…
As Large Language Models (LLMs) become increasingly integrated into our daily lives, the potential harms from deceptive behavior underlie the need for faithfully interpreting their decision-making. While traditional probing methods have…
Recent researches indicate that Pre-trained Large Language Models (LLMs) possess cognitive constructs similar to those observed in humans, prompting researchers to investigate the cognitive aspects of LLMs. This paper focuses on explicit…