Negotiating with LLMS: Prompt Hacks, Skill Gaps, and Reasoning Deficits

Understand

Large language models LLMs like ChatGPT have reached the 100 Mio user barrier in record time and might increasingly enter all areas of our life leading to a diverse set of interactions between those Artificial Intelligence models and humans.

• While many studies have discussed governance and regulations deductively from first-order principles, few studies provide an inductive, data-driven lens based on observing dialogues between humans and LLMs especially when it comes to non-collaborative, competitive situations that have the potential to pose a serious threat to people.
• In this work, we conduct a user study engaging over 40 individuals across all age groups in price negotiations with an LLM.
• We explore how people interact with an LLM, investigating differences in negotiation outcomes and strategies.