Human Misperception of Generative-AI Alignment: A Laboratory Experiment
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- George Loewenstein & Ted O'Donoghue & Matthew Rabin, 2003.
"Projection Bias in Predicting Future Utility,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(4), pages 1209-1248.
- Loewenstein, George & O'Donoghue, Ted & Rabin, Matthew, 2000. "Projection Bias in Predicting Future Utility," Department of Economics, Working Paper Series qt5qh6142m, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- George Loewenstein & Ted O'Donoghue & Matthew Rabin, 2001. "Projection Bias in Predicting Future Utility," General Economics and Teaching 0012003, University Library of Munich, Germany.
- Loewenstein, George & O'Donoghue, Ted & Rabin, Matthew, 2002. "Projection Bias in Predicting Future Utility," Working Papers 02-11, Cornell University, Center for Analytic Economics.
- George Loewenstein, Ted O'Donoghue and Matthew Rabin., 2000. "Projection Bias in Predicting Future Utility," Economics Working Papers E00-284, University of California at Berkeley.
- Benjamin Enke, 2020.
"What You See Is All There Is,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(3), pages 1363-1398.
- Benjamin Enke, 2020. "What You See Is All There Is," CESifo Working Paper Series 8131, CESifo.
- Benjamin Enke & Florian Zimmermann, 2019.
"Correlation Neglect in Belief Formation,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 86(1), pages 313-332.
- Enke, Benjamin & Zimmermann, Florian, 2013. "Correlation Neglect in Belief Formation," IZA Discussion Papers 7372, Institute of Labor Economics (IZA).
- Enke, Benjamin & Zimmermann, Florian, 2013. "Correlation Neglect in Belief Formation," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79900, Verein für Socialpolitik / German Economic Association.
- Enke, Benjamin & Zimmermann, Florian, 2013. "Correlation Neglect in Belief Formation," Bonn Econ Discussion Papers 04/2013, University of Bonn, Bonn Graduate School of Economics (BGSE).
- Benjamin Enke & Florian Zimmermann, 2013. "Correlation Neglect in Belief Formation," CESifo Working Paper Series 4483, CESifo.
- Uri Gneezy & Jan Potters, 1997.
"An Experiment on Risk Taking and Evaluation Periods,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 631-645.
- Gneezy, U. & Potters, J.J.M., 1996. "An experiment on risk taking and evaluation periods," Other publications TiSEM e48d1f57-1bac-4a83-8772-c, Tilburg University, School of Economics and Management.
- Gneezy, U. & Potters, J.J.M., 1997. "An experiment on risk taking and evaluation periods," Other publications TiSEM da6ba1bf-e15c-41b2-ae95-c, Tilburg University, School of Economics and Management.
- Gneezy, U. & Potters, J.J.M., 1996. "An experiment on risk taking and evaluation periods," Discussion Paper 1996-61, Tilburg University, Center for Economic Research.
- Ashesh Rambachan & Jon Kleinberg & Sendhil Mullainathan & Jens Ludwig, 2020. "An Economic Approach to Regulating Algorithms," NBER Working Papers 27111, National Bureau of Economic Research, Inc.
- Nicole Immorlica & Brendan Lucier & Aleksandrs Slivkins, 2024. "Generative AI as Economic Agents," Papers 2406.00477, arXiv.org.
- Ko, Hyungjin & Lee, Jaewook, 2024. "Can ChatGPT improve investment decisions? From a portfolio management perspective," Finance Research Letters, Elsevier, vol. 64(C).
- Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2012.
"Salience Theory of Choice Under Risk,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 127(3), pages 1243-1285.
- Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, "undated". "Salience Theory of Choice Under Risk," Working Paper 29210, Harvard University OpenScholar.
- Andrei Shleifer & Nicola Gennaioli & Pedro Bordalo, 2011. "Salience theory of choice under risk," 2011 Meeting Papers 1442, Society for Economic Dynamics.
- Shleifer, Andrei & Bordalo, Pedro & Gennaioli, Nicola, 2012. "Salience Theory of Choice Under Risk," Scholarly Articles 10636303, Harvard University Department of Economics.
- Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2010. "Salience Theory of Choice Under Risk," NBER Working Papers 16387, National Bureau of Economic Research, Inc.
- Tristan Gagnon-Bartsch & Antonio Rosato, 2024.
"Quality Is in the Eye of the Beholder: Taste Projection in Markets with Observational Learning,"
American Economic Review, American Economic Association, vol. 114(11), pages 3746-3787, November.
- Gagnon-Bartsch, Tristan & Rosato, Antonio, 2022. "Quality is in the eye of the beholder: taste projection in markets with observational learning," MPRA Paper 115426, University Library of Munich, Germany.
- John J. Horton, 2023. "Large Language Models as Simulated Economic Agents: What Can We Learn from Homo Silicus?," NBER Working Papers 31122, National Bureau of Economic Research, Inc.
- Chad Kendall & Ryan Oprea, 2024. "On the complexity of forming mental models," Quantitative Economics, Econometric Society, vol. 15(1), pages 175-211, January.
- John J. Horton, 2023. "Large Language Models as Simulated Economic Agents: What Can We Learn from Homo Silicus?," Papers 2301.07543, arXiv.org.
- Jon Kleinberg & Himabindu Lakkaraju & Jure Leskovec & Jens Ludwig & Sendhil Mullainathan, 2018.
"Human Decisions and Machine Predictions,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(1), pages 237-293.
- Jon Kleinberg & Himabindu Lakkaraju & Jure Leskovec & Jens Ludwig & Sendhil Mullainathan, 2017. "Human Decisions and Machine Predictions," NBER Working Papers 23180, National Bureau of Economic Research, Inc.
- Rema Hanna & Sendhil Mullainathan & Joshua Schwartzstein, 2014. "Learning Through Noticing: Theory and Evidence from a Field Experiment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(3), pages 1311-1353.
- Sendhil Mullainathan & Joshua Schwartzstein & Andrei Shleifer, 2008.
"Coarse Thinking and Persuasion,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(2), pages 577-619.
- Sendhil Mullainathan & Joshua Schwartzstein & Andrei Shleifer, 2006. "Coarse Thinking and Persuasion," NBER Working Papers 12720, National Bureau of Economic Research, Inc.
- Shleifer, Andrei & Mullainathan, Sendhil & Schwartzstein, Joshua, 2008. "Coarse Thinking and Persuasion," Scholarly Articles 11022284, Harvard University Department of Economics.
- Kaufmann, Marc, 2022.
"Projection bias in effort choices,"
Games and Economic Behavior, Elsevier, vol. 135(C), pages 368-393.
- Marc Kaufmann, 2021. "Projection Bias in Effort Choices," Papers 2104.04327, arXiv.org.
- Ignacio Esponda & Emanuel Vespa & Sevgi Yuksel, 2024.
"Mental Models and Learning: The Case of Base-Rate Neglect,"
American Economic Review, American Economic Association, vol. 114(3), pages 752-782, March.
- Esponda, Ignacio & Vespa, Emanuel & Yuksel, Sevgi, 2024. "Mental Models and Learning: The Case of Base-Rate Neglect," University of California at San Diego, Economics Working Paper Series qt8cb387t8, Department of Economics, UC San Diego.
- Madarász, Kristóf & Danz, David & Wang, Stephanie, 2018. "The Biases of Others: Projection Equilibrium in an Agency Setting," CEPR Discussion Papers 12867, C.E.P.R. Discussion Papers.
- Matteo Tranchero & Cecil-Francis Brenninkmeijer & Arul Murugan & Abhishek Nagaraj, 2024. "Theorizing with Large Language Models," NBER Working Papers 33033, National Bureau of Economic Research, Inc.
- Erik Snowberg & Leeat Yariv, 2021. "Testing the Waters: Behavior across Participant Pools," American Economic Review, American Economic Association, vol. 111(2), pages 687-719, February.
- Pelster, Matthias & Val, Joel, 2024. "Can ChatGPT assist in picking stocks?," Finance Research Letters, Elsevier, vol. 59(C).
- Andrew Caplin, 2016. "Measuring and Modeling Attention," Annual Review of Economics, Annual Reviews, vol. 8(1), pages 379-403, October.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Xavier Gabaix, 2017.
"Behavioral Inattention,"
NBER Working Papers
24096, National Bureau of Economic Research, Inc.
- Gabaix, Xavier, 2018. "Behavioral Inattention," CEPR Discussion Papers 13268, C.E.P.R. Discussion Papers.
- George Loewenstein & Zachary Wojtowicz, 2023. "The Economics of Attention," CESifo Working Paper Series 10712, CESifo.
- Ignacio Esponda & Emanuel Vespa, 2024.
"Contingent Thinking and the Sure-Thing Principle: Revisiting Classic Anomalies in the Laboratory,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 91(5), pages 2806-2831.
- Esponda, Ignacio & Vespa, Emanuel, 2023. "Contingent Thinking and the Sure-Thing Principle: Revisiting Classic Anomalies in the Laboratory#," University of California at San Diego, Economics Working Paper Series qt32j4d5z2, Department of Economics, UC San Diego.
- Benjamin Handel & Joshua Schwartzstein, 2018. "Frictions or Mental Gaps: What's Behind the Information We (Don't) Use and When Do We Care?," Journal of Economic Perspectives, American Economic Association, vol. 32(1), pages 155-178, Winter.
- Niederle, Muriel & Vespa, Emanuel, 2023. "Cognitive Limitations: Failures of Contingent Thinking," University of California at San Diego, Economics Working Paper Series qt5q14p1np, Department of Economics, UC San Diego.
- Jingru Jia & Zehua Yuan & Junhao Pan & Paul E. McNamara & Deming Chen, 2024. "Decision-Making Behavior Evaluation Framework for LLMs under Uncertain Context," Papers 2406.05972, arXiv.org, revised Oct 2024.
- Ignacio Esponda & Emanuel Vespa & Sevgi Yuksel, 2024.
"Mental Models and Learning: The Case of Base-Rate Neglect,"
American Economic Review, American Economic Association, vol. 114(3), pages 752-782, March.
- Esponda, Ignacio & Vespa, Emanuel & Yuksel, Sevgi, 2024. "Mental Models and Learning: The Case of Base-Rate Neglect," University of California at San Diego, Economics Working Paper Series qt8cb387t8, Department of Economics, UC San Diego.
- Shumiao Ouyang & Hayong Yun & Xingjian Zheng, 2024. "How Ethical Should AI Be? How AI Alignment Shapes the Risk Preferences of LLMs," Papers 2406.01168, arXiv.org, revised Aug 2024.
- Yuqi Nie & Yaxuan Kong & Xiaowen Dong & John M. Mulvey & H. Vincent Poor & Qingsong Wen & Stefan Zohren, 2024. "A Survey of Large Language Models for Financial Applications: Progress, Prospects and Challenges," Papers 2406.11903, arXiv.org.
- repec:oup:qjecon:v:128:y:2012:i:1:p:53-104 is not listed on IDEAS
- Pedro Bordalo & John Conlon & Nicola Gennaioli & Spencer Kwon & Andrei Shleifer, 2023.
"How People Use Statistics,"
Working Papers
699, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Pedro Bordalo & John J. Conlon & Nicola Gennaioli & Spencer Yongwook Kwon & Andrei Shleifer, 2023. "How People Use Statistics," NBER Working Papers 31631, National Bureau of Economic Research, Inc.
- Gary Charness & Brian Jabarian & John List, 2023.
"Generation Next: Experimentation with AI,"
Artefactual Field Experiments
00777, The Field Experiments Website.
- Gary Charness & Brian Jabarian & John A. List, 2023. "Generation Next: Experimentation with AI," NBER Working Papers 31679, National Bureau of Economic Research, Inc.
- Chad Kendall & Ryan Oprea, 2024. "On the complexity of forming mental models," Quantitative Economics, Econometric Society, vol. 15(1), pages 175-211, January.
- Michel, Christian, 2017. "Market regulation of voluntary add-on contracts," International Journal of Industrial Organization, Elsevier, vol. 54(C), pages 239-268.
- Niculaescu, Corina E. & Sangiorgi, Ivan & Bell, Adrian R., 2023. "Does personal experience with COVID-19 impact investment decisions? Evidence from a survey of US retail investors," International Review of Financial Analysis, Elsevier, vol. 88(C).
- Evan Piermont, 2021. "Hypothetical Expected Utility," Papers 2106.15979, arXiv.org, revised Jul 2021.
- Philippe Jehiel, 2022.
"Analogy-Based Expectation Equilibrium and Related Concepts:Theory, Applications, and Beyond,"
Working Papers
halshs-03735680, HAL.
- Philippe Jehiel, 2022. "Analogy-Based Expectation Equilibrium and Related Concepts:Theory, Applications, and Beyond," PSE Working Papers halshs-03735680, HAL.
- Banerjee, Ritwik & Gupta, Nabanita Datta & Villeval, Marie Claire, 2020.
"Feedback spillovers across tasks, self-confidence and competitiveness,"
Games and Economic Behavior, Elsevier, vol. 123(C), pages 127-170.
- Ritwik Banerjee & Nabanita Datta Gupta & Marie Claire Villeval, 2020. "Feedback Spillovers Across Tasks, Self-Confidence and Competitiveness," Working Papers halshs-01760347, HAL.
- Ritwik Banerjee & Nabanita Datta Gupta & Marie Claire Villeval, 2020. "Feedback spillovers across tasks, self-confidence and competitiveness," Post-Print halshs-02908182, HAL.
- Chen Lian & Yueran Ma & Carmen Wang, 2019. "Low Interest Rates and Risk-Taking: Evidence from Individual Investment Decisions," The Review of Financial Studies, Society for Financial Studies, vol. 32(6), pages 2107-2148.
- Kevin Leyton-Brown & Paul Milgrom & Neil Newman & Ilya Segal, 2024. "Artificial Intelligence and Market Design: Lessons Learned from Radio Spectrum Reallocation," NBER Chapters, in: New Directions in Market Design, National Bureau of Economic Research, Inc.
- Castagnetti, Alessandro & Schmacker, Renke, 2022. "Protecting the ego: Motivated information selection and updating," European Economic Review, Elsevier, vol. 142(C).
More about this item
NEP fields
This paper has been announced in the following NEP Reports:- NEP-AIN-2025-03-24 (Artificial Intelligence)
- NEP-CBE-2025-03-24 (Cognitive and Behavioural Economics)
- NEP-CMP-2025-03-24 (Computational Economics)
- NEP-DCM-2025-03-24 (Discrete Choice Models)
- NEP-EXP-2025-03-24 (Experimental Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arx:papers:2502.14708. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.