LLM economicus? Mapping the Behavioral Biases of LLMs via Utility Theory

A Note on Measurement of Utility

Paul A. Samuelson · 1937

Earlier work this paper cites.

Prospect theory: An analysis of decision under risk

Daniel Kahneman and Amos Tversky · 1979

Earlier work this paper cites.

Some empirical evidence on dynamic inconsistency

Richard Thaler · 1981

Earlier work this paper cites.

An experimental analysis of ultimatum bargaining

Werner Güth, Rolf Schmittberger, and Bernd Schwarze · 1982

Earlier work this paper cites.

Subjective probability and delay

H Rachlin, A Raineri, and D Cross · 1991

Earlier work this paper cites.

Advances in prospect theory: Cumulative representation of uncertainty

Daniel Kahneman and Amos Tversky · 1992

Earlier work this paper cites.

Fairness in simple bargaining experiments

Robert Forsythe, Joel L. Horowitz, N.E. Savin, and Martin Sefton · 1994

Earlier work this paper cites.

Trust, reciprocity, and social history

Joyce Berg, John Dickhaut, and Kevin McCabe · 1995

Earlier work this paper cites.

A theory of fairness, competition, and cooperation

Ernst Fehr and Klaus M. Schmidt · 1999

Earlier work this paper cites.

Do professional traders exhibit myopic loss aversion? an experimental analysis

Michael S Haigh and John A List · 2005

Earlier work this paper cites.

What do laboratory experiments measuring social preferences reveal about the real world?

Steven D Levitt and John A List · 2007

Earlier work this paper cites.

A within-subject analysis of other-regarding preferences

Mariana Blanco, Dirk Engelmann, and Hans Theo Normann · 2010

Cited alongside, same era.

Once burned, twice shy: How naive learning, counterfactuals, and regret affect the repurchase of stocks previously sold

Michal Ann Strahilevitz, Terrance Odean, and Brad M Barber · 2011

Cited alongside, same era.

The nature of risk preferences: Evidence from insurance choices

Levon Barseghyan, Francesca Molinari, Ted O’Donoghue, and Joshua C Teitelbaum · 2013

Cited alongside, same era.

Time-discounting and tobacco smoking: a systematic review and network analysis

Pepita Barlow, Martin McKee, Aaron Reeves, Gauden Galea, and David Stuckler · 2016

Cited alongside, same era.

Revealing inequality aversion from tax policy

Kristoffer Berg · 2020

Cited alongside, same era.

Data contamination: From memorization to exploitation

Evaluating large language models: A comprehensive survey, 2023

Zishan Guo, Renren Jin, Chuang Liu, Yufei Huang, Dan Shi, Supryadi, Linhao Yu, Yan Liu, Jiaxuan Li, Bojian Xiong, and Deyi Xiong · 2023

Later among the works it cites.

Mistral 7b, 2023

Albert Q. Jiang, Alexandre Sablayrolles, Arthur Mensch, Chris Bamford, Devendra Singh Chaplot, Diego de las Casas, Florian Bressand, Gianna Lengyel, Guillaume Lample, Lucile Saulnier, Lélio Renard Lavaud, Marie-Anne Lachaux, Pierre Stock, Teven Le Scao, Thibaut Lavril, Thomas Wang, Timothée Lacroix, and William El Sayed · 2023

Later among the works it cites.

Large language models are zero-shot reasoners, 2023

Takeshi Kojima, Shixiang Shane Gu, Machel Reid, Yutaka Matsuo, and Yusuke Iwasawa · 2023

Later among the works it cites.

Embers of autoregression: Understanding large language models through the problem they are trained to solve

Original

R Thomas McCoy, Shunyu Yao, Dan Friedman, Matthew Hardy, and Thomas L Griffiths · 2023

Later among the works it cites.

Llama 2: Open foundation and fine-tuned chat models, 2023

Meta · 2023

Later among the works it cites.