2 papers
econ.GN2026
Decision Models as Scalable Economic Surrogates that Capture Human Variation
Maxime Saxena, Fabio Caccioli, R. Maria del Rio-Chanona
Decision Models (DMs), a new class of AI models, give fast responses and return a probability distribution over a fixed set of options. These properties make them candidate human s…
q-fin.TR2026
Machine Spirits: Speculation and Adaptation of LLM Agents in Asset Markets
Maxime Saxena, Marco Pangallo, Cars Hommes +2
As Large Language Models (LLMs) become increasingly integrated into financial systems, understanding their behavioural properties is crucial. Do LLMs conform to the rational expect…