AI as Decision-Maker: Ethics and Risk Preferences of LLMs

Fuente: arXiv
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Hauptverfasser: Ouyang, Shumiao, Yun, Hayong, Zheng, Xingjian
Format: Preprint
Veröffentlicht: 2024
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author Ouyang, Shumiao
Yun, Hayong
Zheng, Xingjian
author_facet Ouyang, Shumiao
Yun, Hayong
Zheng, Xingjian
contents Large Language Models (LLMs) exhibit surprisingly diverse risk preferences when acting as AI decision makers, a crucial characteristic whose origins remain poorly understood despite their expanding economic roles. We analyze 50 LLMs using behavioral tasks, finding stable but diverse risk profiles. Alignment tuning for harmlessness, helpfulness, and honesty significantly increases risk aversion, causally increasing risk aversion confirmed via comparative difference analysis: a ten percent ethics increase cuts risk appetite two to eight percent. This induced caution persists against prompts and affects economic forecasts. Alignment enhances safety but may also suppress valuable risk taking, revealing a tradeoff risking suboptimal economic outcomes. With AI models becoming more powerful and influential in economic decisions while alignment grows increasingly critical, our empirical framework serves as an adaptable and enduring benchmark to track risk preferences and monitor this crucial tension between ethical alignment and economically valuable risk-taking.
format Preprint
id arxiv_https___arxiv_org_abs_2406_01168
institution arXiv
publishDate 2024
record_format arxiv
spellingShingle AI as Decision-Maker: Ethics and Risk Preferences of LLMs
Ouyang, Shumiao
Yun, Hayong
Zheng, Xingjian
General Economics
Economics
Artificial Intelligence
Computers and Society
Emerging Technologies
Human-Computer Interaction
Large Language Models (LLMs) exhibit surprisingly diverse risk preferences when acting as AI decision makers, a crucial characteristic whose origins remain poorly understood despite their expanding economic roles. We analyze 50 LLMs using behavioral tasks, finding stable but diverse risk profiles. Alignment tuning for harmlessness, helpfulness, and honesty significantly increases risk aversion, causally increasing risk aversion confirmed via comparative difference analysis: a ten percent ethics increase cuts risk appetite two to eight percent. This induced caution persists against prompts and affects economic forecasts. Alignment enhances safety but may also suppress valuable risk taking, revealing a tradeoff risking suboptimal economic outcomes. With AI models becoming more powerful and influential in economic decisions while alignment grows increasingly critical, our empirical framework serves as an adaptable and enduring benchmark to track risk preferences and monitor this crucial tension between ethical alignment and economically valuable risk-taking.
title AI as Decision-Maker: Ethics and Risk Preferences of LLMs
topic General Economics
Economics
Artificial Intelligence
Computers and Society
Emerging Technologies
Human-Computer Interaction
url https://arxiv.org/abs/2406.01168