2 papers
econ.GN2026
Dissecting AI Trading: Behavioral Finance and Market Bubbles
Shumiao Ouyang, Pengfei Sui
We study how AI agents form expectations and trade in experimental asset markets. Using a simulated open-call auction populated by autonomous Large Language Model (LLM) agents, we…
econ.GN2024
AI as Decision-Maker: Ethics and Risk Preferences of LLMs
Shumiao Ouyang, Hayong Yun, Xingjian Zheng
Large Language Models (LLMs) exhibit surprisingly diverse risk preferences when acting as AI decision makers, a crucial characteristic whose origins remain poorly understood despit…