Human choice behavior, including route choice, exhibits systematic behavioral biases that deviate from the assumptions of full rationality. Cumulative prospect theory (CPT) has been widely recognized as an effective framework for characterizing such behavioral patterns.
arXiv:2508. 08992v4 Announce Type: replace Abstract: Real-world decision-making often involves uncertainty expressed in linguistic rather than numerical terms, and Prospect Theory (PT) provides a classic framework for modeling human behavior under such uncertainty.
By Rui Wang, Qihan Lin, Jiayu Liu, Qing Zong, Tianshi Zheng, Dadi Guo, Haochen Shi, Peixuan Han, Weiqi Wang, Yangqiu Song
arXiv:2606. 17657v1 Announce Type: new Abstract: People make decisions differently in strategic interactions.
By Zirui Cheng, Zeyu Shen, Thomas L. Griffiths, Peter Henderson
arXiv:2601. 11049v2 Announce Type: replace-cross Abstract: 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.
By Stephen Pilli, Vivek Nallur
arXiv:2602. 09802v2 Announce Type: replace Abstract: As Large Language Models (LLMs) are increasingly deployed in applications such as travel assistance and purchasing support, they are often required to make subjective choices on behalf of users in settings where no objectively correct answer exists.
By Manon Reusens, Sofie Goethals, Toon Calders, David Martens
arXiv:2607. 14485v1 Announce Type: new Abstract: Large language model (LLM)-based generative agents simulate human behavior through long-horizon decision-making processes that comprise intermediate steps such as planning, memory retrieval, reflection, and action selection.
By Wenchang Gao, Pingyue Sheng, Lanlan Qiu, Yunfei Ma, Jian Zhao, Baicheng Chen, Kangda Wang, Yuyang Tian, Shunqiang Mao, Tianxing He
arXiv:2609.07943v1 Announce Type: new
Abstract: There is significant uncertainty about whether abstractions like beliefs or desires usefully describe the behavior of large language models (LLMs). In...
By Alex Smolin, Bryan Wilder
arXiv:2507.21790v3 Announce Type: replace-cross
Abstract: Large Language Models (LLMs) are becoming widely used to support various workflows across different disciplines, yet their potential in discr...
By Georges Sfeir, Gabriel Nova, Stephane Hess, Sander van Cranenburgh
arXiv:2606. 18005v1 Announce Type: new Abstract: Large language models (LLMs) are increasingly deployed as autonomous agents that make consumption decisions on behalf of users.
By Manon Reusens, Sofie Goethals, David Martens
arXiv:2608.18265v2 Announce Type: replace-cross
Abstract: We introduce a general, easy-to-implement AI-based method for modeling and analyzing the structure and complexity of human behavior. We assig...
By Matthew O. Jackson, Benjamin S. Manning, Yutong Xie, Walter Yuan, Qiaozhu Mei
The paper evaluates how Large Language Models generate preference distributions for air travel, restaurants, and consumer products. It finds that while each model produces self-coherent outcomes that stabilize quickly, there is significant disagreement across different model families and scales, with little consensus even on the most probable preferences. These discrepancies persist across various decoding strategies, temperature settings, and prompt variations, indicating that the model choice itself has a larger impact than prompt wording.
By Fan Huang, Minsuk Kim, C. Tyler Diggans, Filippo Radicchi
The paper presents an AI-based method that uses a large language model to emulate human decision-making by assigning it a "type vector" describing traits such as Altruism and Risk Aversion. By varying these dimensions and values, the authors fit the model to over 119,000 decisions from 78,657 participants in 10 classic economic games, finding that three dimensions—Risk Aversion, Strategic Sophistication, and Trust—sufficiently capture human behavior. The resulting type clusters, fewer than a dozen, predict behavior in new games, suggesting a low-dimensional, portable representation of human behavior across diverse settings.
By Matthew O. Jackson, Benjamin S. Manning, Yutong Xie, Walter Yuan, Qiaozhu Mei