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Whether in agentic workflows, social studies, or chat settings, large language models (LLMs) are increasingly being asked to replace humans in choosing which goals to pursue, rather than completing predefined tasks. However, the assumption…

Computation and Language · Computer Science 2026-05-14 Gaia Molinaro , Dave August , Danielle Perszyk , Anne G. E. Collins

As Large Language Models (LLMs) integrate into our social and economic interactions, we need to deepen our understanding of how humans respond to LLMs opponents in strategic settings. We present the results of the first controlled…

General Economics · Economics 2025-05-19 Darija Barak , Miguel Costa-Gomes

The widespread application of Large Language Models (LLMs) involves ethical risks for users and societies. A prominent ethical risk of LLMs is the generation of unfair language output that reinforces or exacerbates harm for members of…

Computation and Language · Computer Science 2025-03-03 Luise Mehner , Lena Alicija Philine Fiedler , Sabine Ammon , Dorothea Kolossa

Language models (LMs) have become pivotal in the realm of technological advancements. While their capabilities are vast and transformative, they often include societal biases encoded in the human-produced datasets used for their training.…

Computation and Language · Computer Science 2024-01-30 Iñigo Parra

Large language models (LLMs) exhibit strikingly conflicting behaviors: they can appear steadfastly overconfident in their initial answers whilst at the same time being prone to excessive doubt when challenged. To investigate this apparent…

We explore how large language models (LLMs) can be influenced by prompting them to alter their initial decisions and align them with established ethical frameworks. Our study is based on two experiments designed to assess the susceptibility…

Computation and Language · Computer Science 2024-11-19 Allison Huang , Yulu Niki Pi , Carlos Mougan

Large language models (LLMs) have recently gained much attention in building autonomous agents. However, the performance of current LLM-based web agents in long-horizon tasks is far from optimal, often yielding errors such as repeatedly…

Computation and Language · Computer Science 2025-04-01 Hyungjoo Chae , Namyoung Kim , Kai Tzu-iunn Ong , Minju Gwak , Gwanwoo Song , Jihoon Kim , Sunghwan Kim , Dongha Lee , Jinyoung Yeo

Despite strong advisory against it, large generative models (LMs) are already being used for decision making tasks that were previously done by predictive models or humans. We put popular LMs to the test in a high-stakes decision making…

Artificial Intelligence · Computer Science 2025-02-17 Keri Mallari , Julius Adebayo , Kori Inkpen , Martin T. Wells , Albert Gordo , Sarah Tan

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

The growing adoption of large language models (LLMs) presents potential for deeper understanding of human behaviours within game theory frameworks. Addressing research gap on multi-player competitive games, this paper examines the strategic…

General Economics · Economics 2024-10-04 Siting Estee Lu

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

Large Language Models (LLMs) can produce surprisingly sophisticated estimates of their own uncertainty. However, it remains unclear to what extent this expressed confidence is tied to the reasoning, knowledge, or decision making of the…

Machine Learning · Computer Science 2026-01-13 Jiawei Wang , Yanfei Zhou , Siddartha Devic , Deqing Fu

Large Language Models (LLMs) are increasingly deployed in multilingual and multicultural environments where moral reasoning is essential for generating ethically appropriate responses. Yet, the dominant pretraining of LLMs on…

Computation and Language · Computer Science 2025-09-29 Sualeha Farid , Jayden Lin , Zean Chen , Shivani Kumar , David Jurgens

Large language models (LLMs) have demonstrated tremendous potential in game playing, while little attention has been paid to their ethical implications in those contexts. This work investigates and analyses the ethical considerations of…

Computation and Language · Computer Science 2025-08-25 Qingquan Zhang , Yuchen Li , Bo Yuan , Julian Togelius , Georgios N. Yannakakis , Jialin Liu

Large Language Models (LLMs) are known to exhibit social, demographic, and gender biases, often as a consequence of the data on which they are trained. In this work, we adopt a mechanistic interpretability approach to analyze how such…

Computation and Language · Computer Science 2025-06-09 Bhavik Chandna , Zubair Bashir , Procheta Sen

With the rapid advancement of Large Language Models (LLMs), recent studies have drawn attention to their potential for handling not only simple question-answer tasks but also more complex conversational abilities and performing human-like…

Artificial Intelligence · Computer Science 2025-11-25 Mingyu Jeon , Jaeyoung Suh , Suwan Cho , Dohyeon Kim

Large language models (LLMs) have demonstrated their potential in social science research by emulating human perceptions and behaviors, a concept referred to as algorithmic fidelity. This study assesses the algorithmic fidelity and bias of…

Artificial Intelligence · Computer Science 2024-08-09 S. Lee , T. Q. Peng , M. H. Goldberg , S. A. Rosenthal , J. E. Kotcher , E. W. Maibach , A. Leiserowitz

We study the evolution of opinions inside a population of interacting large language models (LLMs). Every LLM needs to decide how much funding to allocate to an item with three initial possibilities: full, partial, or no funding. We…

Multiagent Systems · Computer Science 2024-09-26 Pedro Cisneros-Velarde

We argue that newly-developed large language models (LLMs), because of how they are trained and designed, are implicit computational models of humans -- a Homo silicus. LLMs can be used like economists use Homo economicus: they can be given…

General Economics · Economics 2026-02-27 John J. Horton , Apostolos Filippas , Benjamin S. Manning

As large language models (LLMs) like GPT become increasingly prevalent, it is essential that we assess their capabilities beyond language processing. This paper examines the economic rationality of GPT by instructing it to make budgetary…

General Economics · Economics 2023-11-07 Yiting Chen , Tracy Xiao Liu , You Shan , Songfa Zhong