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Language-based game theory in the age of artificial intelligence
While traditional models try to explain human behaviour as a function of the outcomes of available actions, recent experimental research reveals that linguistic content significantly impacts decision-making, thus prompting a paradigm shift from outcome-based to language-based utility functions.
Assessing Large Language Models' ability to predict how humans balance self-interest and the interest of others
Generative artificial intelligence (AI) holds enormous potential to revolutionize decision-making processes, from everyday to high-stake scenarios.
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