Entity · technique

Cumulative Prospect Theory

techniqueactiveprovisionalcumulative-prospect-theory-e31e5256·1 events·first seen 2d ago

Aliases: Cumulative Prospect Theory

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Reproducing human biases in route choice using large language models: Toward scalable behavioral modeling

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5arXiv · cs.CL·2d ago·source ↗

LLMs reproduce human behavioral biases in route choice without explicit prospect-theoretic parameters

A new arXiv preprint investigates whether LLMs can replicate systematic human decision-making biases in route choice scenarios without explicitly specifying cumulative prospect theory (CPT) parameters. The authors design a behavioral evaluation framework and find that LLMs reproduce non-rational choice patterns consistent with CPT effects under uncertainty. The findings suggest LLMs could serve as a scalable substitute for survey-based parameter calibration in agent-based behavioral simulations, addressing a longstanding bottleneck in large-scale human decision modeling.

Agent and Tool Ecosystem Cumulative Prospect Theory Reproducing human biases in route choice using large language models: Toward scalable behavioral modeling