arXiv:2602. 05302v3 Announce Type: replace Abstract: We present an in-depth evaluation of LLMs' ability to negotiate, a central business task requiring strategic reasoning, theory of mind, and economic value creation.
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arXiv:2605. 13909v2 Announce Type: replace-cross Abstract: Negotiation is a central mechanism of economic exchange, shaping markets, procurement, labor agreements, and resource allocation.
arXiv:2606. 13815v1 Announce Type: new Abstract: Strategic reasoning under uncertainty underpins consequential decisions in negotiation, finance, and policy, but prevailing game-play benchmarks collapse heterogeneous reasoning dimensions into a single scalar, leaving the capability structure of frontier LLMs unexamined.
The study evaluates mentalization—the capacity to infer others’ beliefs and intentions—in large language models (LLMs) using two economic games and cognitive computational modeling. Researchers tested 2,099 LLM agents from four model families (DeepSeek, GPT‑4.1, GPT‑5, Gemini 2.0 Flash) against opponents of varying sophistication, comparing their performance to 251 human participants. Results show that LLMs exhibit distinct mentalizing behaviors that vary by model provider and size, with strategic prompting generally enhancing performance; notably, GPT‑5 agents adapt their recursive reasoning depth to match opponent sophistication, outperforming humans in one task.
arXiv:2510. 10813v2 Announce Type: replace Abstract: Large Language Models (LLMs) are increasingly applied to domains that require reasoning about other agents' behavior, such as negotiation, policy design, and market simulation.
arXiv:2606. 06546v1 Announce Type: new Abstract: Evaluating large language models (LLMs) for education requires measuring how models teach, not only what they know.
arXiv:2607. 05863v1 Announce Type: new Abstract: Negotiation is a fundamental strategic interaction in management science, characterized by agents attempting to reach agreements while protecting private information, such as reservation costs and hidden valuations.