Speaker: Prof Mónica Capra

Affiliation: Claremont Graduate University

Zoom: https://uqz.zoom.us/j/82603079317

Abstract: Despite its importance, studying economic behavior across diverse, non-WEIRD (Western, Educated, Industrialized, Rich, and Democratic) populations presents significant challenges. We address this issue by introducing a novel methodology that uses Large Language Models (LLMs) to create synthetic cultural agents (SCAs) representing these populations. We subject these SCAs to classic behavioral experiments, including the dictator and ultimatum games. Our results demonstrate substantial cross-cultural variability in experimental behavior. Notably, for populations with available data, SCAs’ behaviors qualitatively resemble those of real human subjects. For unstudied populations, our method can generate novel, testable hypotheses about economic behavior. By integrating AI into experimental economics, this approach offers a proof of concept for an effective and ethical method for exploratory analysis, pilot experiments, and protocol refinements for hard-to-reach populations. Our study provides a new tool for cross-cultural economic studies and highlights the potential of LLMs to advance experimental and behavioral research.

About Centre for Unified Behavioural and Economic Sciences (CUBES) e-seminars

An online seminar series on Experimental and Behavioural Economics organized by the Centre for Unified Behavioural and Economic Sciences (CUBES) of the School of Economics at The University of Queensland.

Our seminars take place fortnightly via Zoom on Wednesdays at 10 am or 5 pm (AEST), depending on whether the guest speaker is streaming from US/Australia or Europe respectively.

Seminars consist of a 60-minute presentation followed by 15 minutes of Q&A.

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Venue

Online via Zoom
Room: 
https://uqz.zoom.us/j/82603079317