arXiv AI By Vladimir Maksimenko, Leonard Lee, Prateek Bansal

Integrating Large Language Models with Human Data to Design Personalized Decoy Nudges

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arXiv AI
1d ago

Decision Models as Scalable Economic Surrogates that Capture Human Variation

Decision Models (DMs) are a new class of AI models that provide fast responses and output a probability distribution over a fixed set of options. In a first evaluation, 10 DMs were compared with 8 Large Language Models (LLMs) across three economic settings—a household spending survey, classic economic games, and a labour‑market field experiment. Frontier DMs, those scoring highest on general decision‑making benchmarks, reproduced human response variation more closely than LLMs in all settings, matched LLMs on modal responses in the spending survey, and were roughly ten times faster and over a hundred times cheaper than the fastest LLM.

By Maxime Saxena, Fabio Caccioli, R. Maria del Rio-Chanona
arXiv AI
Jun 17

Would a Large Language Model Pay Extra for a View? Inferring Willingness to Pay from Subjective Choices

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