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Showing 1 to 2 of 2 for “"modern economic theory"”.
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Examining LLMs in Economic Settings
Humans are not homo economicus (i.e., rational economic beings). We exhibit systematic behavioral biases such as loss aversion, anchoring, framing, etc., which lead us to make suboptimal economic decisions. Insofar as such biases may embedded in text data on which large language models (LLMs) are …
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Towards a New Currency of Economic Criticism
… processes of value and exchange, particularly economic exchange, in a manner very similar to what Charles Sanders Peirce will call pragmatism several decades later. Dupin's deductive methods and Peirce's abductive logic express the nature of objects in terms of social systems of preference and …