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: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:2511. 04500v3 Announce Type: replace Abstract: Large language models (LLMs) are increasingly deployed as decision-making agents in high-stakes domains and as imitators of human behavior in the social and behavioral sciences.
By Andrea Cera Palatsi, Samuel Martin-Gutierrez, Ana S. Cardenal, Max Pellert
arXiv:2606. 22974v2 Announce Type: replace Abstract: Recent work on preference elicitation in large language models (LLMs) has demonstrated that, when given a series of choices between two outcomes, LLMs reveal a coherent, model-specific utility structure.
By Yujun Zhou, Christopher M. Ackerman
arXiv:2606. 29556v1 Announce Type: new Abstract: We propose Persona-Trained Monte Carlo (PTMC), a method for estimating distributions of market-outcome statistics by repeatedly simulating limit-order-book interaction among swarms of persona-conditioned neural-policy trading bots.
By Salavat Ishbulatov
arXiv:2604. 07343v2 Announce Type: replace-cross Abstract: Pluralistic alignment has emerged as a critical frontier in the development of Large Language Models (LLMs), with reward models (RMs) serving as a central mechanism for capturing diverse human values.
By Qiyao Ma, Dechen Gao, Rui Cai, Boqi Zhao, Hanchu Zhou, Junshan Zhang, Zhe Zhao
We propose Persona-Trained Monte Carlo (PTMC), a method for estimating distributions of market-outcome statistics by repeatedly simulating limit-order-book interaction among swarms of persona-conditioned neural-policy trading bots. Each run instantiates many bots sharing one trained policy network but conditioned on heterogeneous, individually sampled persona parameters drawn from a learned trader-heterogeneity distribution; the bots interact in a continuous double auction, and the resulting price path is one Monte Carlo sample.