Before ChatGPT could write essays, explain tax code, or summarize earnings reports, it had to master something far simpler but no less profound: probability. While headlines may credit “artificial ...

The expected utility theory (EUT) 1 is one of the most well-established models for analyzing decision-making under risk. Nevertheless, throughout the past decades, several experimental works 2,3 have ...

Cambridge, MA – To make large language models (LLMs) more accurate when answering harder questions, researchers can let the model spend more time thinking about potential solutions. But common ...