LLMs & Models6 min read
Behavioral science
LLMs just bypassed the hardest part of behavioral economics: expensive surveys
A study using 3,000 GPT-5-based agents in route choice experiments shows LLMs reproduce cumulative prospect theory biases, loss aversion, reference dependence, probability weighting, with high fidelity. The approach bypasses the bottleneck of parameter estimation that limits traditional behavioral modeling.
2026-07-28