This post aims to build on the recent work by Binz and Schulz [1]. I did an experiment which looked at the preferences of GPT-3 at tacking a gamble versus some fixed amount (the expected value of the bet with a discount).
Repo: https://github.com/afiqhatta/gpt_risk_aversion
Question
Methodology
Results
References
[1] Binz, Marcel, and Eric Schulz. 2022. "Using Cognitive Psychology to Understand GPT-3." PsyArXiv. June 21. doi:10.31234/osf.io/6dfgk.
[2] Kahneman, D. Prospect theory: An analysis of decisions under risk. Econometrica 47, 278 (1979).