Game-theory behaviour of large language models: The case of Keynesian beauty contests

The growing adoption of large language models (LLMs) pre-sents potential for deeper understanding of human behav-iours within game theory frameworks. This paper examinesstrategic interactions among multiple types of LLM-basedagents in a classical beauty contest game. LLM-based agentsdemonstrate vary...

Full description

Saved in:

Bibliographic Details
Published in:	Economics and business review Vol. 11; no. 2; pp. 119 - 148
Main Author:	Estee Lu, Siting
Format:	Journal Article
Language:	English
Published:	Poznan Poznań University of Economics and Business Press 01.06.2025 Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu Sciendo Poznan University of Economics
Subjects:	Algorithms Beauty contests Behavior C63 C70 C90 Competition Decision making economic games Experiments Game theory Human subjects ICT Information and Communications Technologies Keynesian theory Large language models Simulation Social research Social sciences Socio-Economic Research strategic interactions strategic interactions economic games large language models
ISSN:	2392-1641, 2450-0097
Online Access:	Get full text
Tags:	Add Tag No Tags, Be the first to tag this record!

Be the first to leave a comment!