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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

Many studies have demonstrated that large language models (LLMs) can produce harmful responses, exposing users to unexpected risks when LLMs are deployed. Previous studies have proposed comprehensive taxonomies of the risks posed by LLMs,…

Computation and Language · Computer Science 2024-08-06 Yuxia Wang , Zenan Zhai , Haonan Li , Xudong Han , Lizhi Lin , Zhenxuan Zhang , Jingru Zhao , Preslav Nakov , Timothy Baldwin

A Large Language Model (LLM) is an artificial intelligence system that has been trained on vast amounts of natural language data, enabling it to generate human-like responses to written or spoken language input. GPT-3.5 is an example of an…

Artificial Intelligence · Computer Science 2023-05-09 Gaurav Suri , Lily R. Slater , Ali Ziaee , Morgan Nguyen

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 Models (LLMs), such as ChatGPT, have achieved impressive milestones in natural language processing (NLP). Despite their impressive performance, the models are known to pose important risks. As these models are deployed in…

Computation and Language · Computer Science 2023-10-06 Ke Shen , Mayank Kejriwal

Of the many commercial and scientific opportunities provided by large language models (LLMs; including Open AI's ChatGPT, Meta's LLaMA, and Anthropic's Claude), one of the more intriguing applications has been the simulation of human…

Computers and Society · Computer Science 2023-10-30 Gabriel Simmons , Christopher Hare

Large language models are increasingly used in decision-making tasks that require them to process information from a variety of sources, including both human experts and other algorithmic agents. How do LLMs weigh the information provided…

Artificial Intelligence · Computer Science 2026-02-26 Jessica Y. Bo , Lillio Mok , Ashton Anderson

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) are increasingly deployed as autonomous agents, necessitating a deeper understanding of their decision-making behaviour under risk. This study investigates the relationship between LLMs' personality traits and…

Computers and Society · Computer Science 2025-03-10 John Hartley , Conor Hamill , Devesh Batra , Dale Seddon , Ramin Okhrati , Raad Khraishi

Large Language Models (LLMs),such as ChatGPT, are increasingly used in research, ranging from simple writing assistance to complex data annotation tasks. Recently, some research has suggested that LLMs may even be able to simulate human…

Artificial Intelligence · Computer Science 2025-08-14 Sarah Schröder , Thekla Morgenroth , Ulrike Kuhl , Valerie Vaquet , Benjamin Paaßen

We examine whether large language models (LLMs) can predict biased decision-making in conversational settings, and whether their predictions capture not only human cognitive biases but also how those effects change under cognitive load. In…

Human-Computer Interaction · Computer Science 2026-02-06 Stephen Pilli , Vivek Nallur

With the rapid popularity of large language models such as ChatGPT and GPT-4, a growing amount of attention is paid to their safety concerns. These models may generate insulting and discriminatory content, reflect incorrect social values,…

Computation and Language · Computer Science 2023-04-21 Hao Sun , Zhexin Zhang , Jiawen Deng , Jiale Cheng , Minlie Huang

Large language models (LLMs) are increasingly used in robotics, especially for high-level action planning. Meanwhile, many robotics applications involve human supervisors or collaborators. Hence, it is crucial for LLMs to generate socially…

Robotics · Computer Science 2025-05-28 Lennart Wachowiak , Andrew Coles , Oya Celiktutan , Gerard Canal

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

Cognitive biases often shape human decisions. While large language models (LLMs) have been shown to reproduce well-known biases, a more critical question is whether LLMs can predict biases at the individual level and emulate the dynamics of…

Artificial Intelligence · Computer Science 2026-02-27 Stephen Pilli , Vivek Nallur

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

We explore the viability of Large Language Models (LLMs), specifically OpenAI's GPT-3.5 and GPT-4, in emulating human survey respondents and eliciting preferences, with a focus on intertemporal choices. Leveraging the extensive literature…

Computation and Language · Computer Science 2024-03-01 Ali Goli , Amandeep Singh

As Large Language Models (LLMs) become widely used to model and simulate human behavior, understanding their biases becomes critical. We developed an experimental framework using Big Five personality surveys and uncovered a previously…

Artificial Intelligence · Computer Science 2024-11-25 Aadesh Salecha , Molly E. Ireland , Shashanka Subrahmanya , João Sedoc , Lyle H. Ungar , Johannes C. Eichstaedt

Large language models (LLMs) are increasingly used in high-stakes settings, where overconfident responses can mislead users. Reliable confidence estimation has been shown to enhance trust and task accuracy. Yet existing methods face…

Computation and Language · Computer Science 2025-09-30 Linwei Tao , Yi-Fan Yeh , Bo Kai , Minjing Dong , Tao Huang , Tom A. Lamb , Jialin Yu , Philip H. S. Torr , Chang Xu

Recent advancements in Large Language Models (LLMs), such as ChatGPT and LLaMA, have significantly transformed Natural Language Processing (NLP) with their outstanding abilities in text generation, summarization, and classification.…

Computation and Language · Computer Science 2024-08-12 Md Nazmus Sakib , Md Athikul Islam , Royal Pathak , Md Mashrur Arifin
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