Evaluating and Aligning Human Economic Risk Preferences in LLMs

Large Language Models (LLMs) are increasingly used in decision-making scenarios that involve risk assessment, yet their alignment with human economic rationality remains unclear. In this study, we investigate whether LLMs exhibit risk preferences consistent with human expectations across different personas. Specifically, we assess whether LLM-generated responses reflect appropriate levels of risk aversion or risk-seeking behavior based on individual's persona. Our results reveal that while LLMs ...