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cs.CL2026
One Size Fits None: Heuristic Collapse in LLM Investment Advice
Jillian Ross, Andrew W. Lo
Large language models are increasingly deployed as advisors in high-stakes domains -- answering medical questions, interpreting legal documents, recommending financial products --…
cs.CL2024
LLM economicus? Mapping the Behavioral Biases of LLMs via Utility Theory
Jillian Ross, Yoon Kim, Andrew W. Lo
Humans are not homo economicus (i.e., rational economic beings). As humans, we exhibit systematic behavioral biases such as loss aversion, anchoring, framing, etc., which lead us t…