ChatGPT 4o and o1-mini chose more risk-averse lottery options than real respondents in Sydney, Hong Kong, Dhaka, and Nanjing; o1-mini was closer to humans, and Chinese prompts widened the gap.
In: The 2024 ACM Conference on Fairness, Accountability, and Transparency, pp
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Can Large Language Models Capture Human Risk Preferences? A Cross-Cultural Study
ChatGPT 4o and o1-mini chose more risk-averse lottery options than real respondents in Sydney, Hong Kong, Dhaka, and Nanjing; o1-mini was closer to humans, and Chinese prompts widened the gap.