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arXiv: cs.AI preprintsInternational5 November 2026

Decision Models as Scalable Economic Surrogates that Capture Human Variation

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arXiv:2611.05553v1 Announce Type: cross Abstract: Decision Models (DMs), a new class of AI models, give fast responses and return a probability distribution over a fixed set of options. These properties make them candidate human surrogates in economic simulations and surveys, a role increasingly filled by Large Language Models (LLMs), which are costly at scale and under-represent the variation in human behaviour. We present a first evaluation of DMs as human surrogates in economics, comparing 10 DMs with 8 LLMs in three economic settings: a household spending survey on consumption, several cla
Source: arXiv: cs.AI preprints

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