Why do some people choose tea in the morning, while others choose coffee? Why does your neighbor speculate on the stock market, while you prefer to rely on the safety of a savings account? So why do we make certain decisions in our daily lives? Researchers at TU Dresden, the Max Planck Institute for Human Development, and the University of Basel have investigated these questions.
For their study, they combined behavioral experiments with mathematical models and the participants’ own explanations. They received support from large language models, or LLMs for short. These are AI systems capable of analyzing and generating language.