arXiv Open Access 2024

Large Language Models for Behavioral Economics: Internal Validity and Elicitation of Mental Models

Brian Jabarian

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Abstrak

In this article, we explore the transformative potential of integrating generative AI, particularly Large Language Models (LLMs), into behavioral and experimental economics to enhance internal validity. By leveraging AI tools, researchers can improve adherence to key exclusion restrictions and in particular ensure the internal validity measures of mental models, which often require human intervention in the incentive mechanism. We present a case study demonstrating how LLMs can enhance experimental design, participant engagement, and the validity of measuring mental models.

Topik & Kata Kunci

cs.HC cs.AI econ.GN

Penulis (1)

Brian Jabarian

Format Sitasi

APA MLA BibTeX

Jabarian, B. (2024). Large Language Models for Behavioral Economics: Internal Validity and Elicitation of Mental Models. https://arxiv.org/abs/2407.12032

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Informasi Jurnal

Tahun Terbit: 2024
Bahasa: en
Sumber Database: arXiv
Akses: Open Access ✓