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Synopsis
Human behaviour is shaped by words, not just payoffs. Large language models now let us measure their impact.
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About the Author
Valerio Capraro is a professor in the Department of Psychology at the University of Milan Bicocca. He holds a Ph.D. in mathematics and studies human behaviour by combining mathematical modelling, human experiments, and numerical simulations. His research has been published in leading academic journals and featured in international news outlets.
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The Economics of Language: How Large Language Models Can Reshape Behavioural Economics
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Cambridge University Press, 2026
ISBN 10: 1009733060
ISBN 13: 9781009733069
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The Economics of Language
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Paperback. Condition: New. The development of artificial intelligence and machine learning is leading to a revolution in the way we think about economic decisions. The Economics of Language explores how the use of generative AI and large language models (LLMs) can transform the way we think about economic behaviour. It introduces the LENS framework (Linguistic content triggers Emotions and suggests Norms, which shape Strategy choice) and presents empirical evidence that LLMs can predict human behaviour in economic games more accurately than traditional outcome-based models. It draws on years of research to provide a step-by-step development of the theory, combining accessible examples with formal modelling. Offering a roadmap for future research at the intersection of economics, psychology, and AI, this book equips readers with tools to quantify the role of language in decision-making and redefines how we think about utility, rationality, and human choice. Seller Inventory # LU-9781009733069
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The Economics of Language: How Large Language Models Can Reshape Behavioural Economics
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The Economics of Language (Paperback)
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Paperback. Condition: new. Paperback. The development of artificial intelligence and machine learning is leading to a revolution in the way we think about economic decisions. The Economics of Language explores how the use of generative AI and large language models (LLMs) can transform the way we think about economic behaviour. It introduces the LENS framework (Linguistic content triggers Emotions and suggests Norms, which shape Strategy choice) and presents empirical evidence that LLMs can predict human behaviour in economic games more accurately than traditional outcome-based models. It draws on years of research to provide a step-by-step development of the theory, combining accessible examples with formal modelling. Offering a roadmap for future research at the intersection of economics, psychology, and AI, this book equips readers with tools to quantify the role of language in decision-making and redefines how we think about utility, rationality, and human choice. This book redefines behavioural economics by showing how language shapes decision-making, and how large language models allow us to measure it. Ideal for Master's and Ph.D. students, it also appeals to economists, psychologists, and computer scientists interested in the intersection of language, AI, and human behaviour. This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9781009733069
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The Economics of Language: How Large Language Models Can Reshape Behavioural Economics
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The Economics of Language: How Large Language Models Can Reshape Behavioural Economics
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The Economics of Language: How Large Language Models Can Reshape Behavioural Economics
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Economics Of Language: How Large Language Models Can Reshape Behavioural Economics
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The Economics of Language: How Large Language Models Can Reshape Behavioural Economics
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ISBN 13: 9781009733069
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