AI推荐理由arXiv 经济学预印本(econ.GN),作者 Po Han Teo,v2 修订于 2026-09-16。核心新信息:用 p-beauty contest 与公共品博弈两个实验,在 360 格因子设计下系统变化 temperature、模型规模(0.5-32B)、量化、instruct/base 与框架,并将每个部署设置的选择分布与已发表人类数据整体分布对比。结论指出除量化外各部署设置分别控制保真度的不同侧面;LLM 表现为静态、按类别检索的 level-k 玩家,k 由模型规模决定,且在多轮中不做博弈内信念更新或逆向归纳;公共品博弈中人类贡献衰减而 LLM 持平或上升,无限期界下更合作但忽略相对轮次位置、无末轮背叛。局限:仅限同一模型家族的本地模型,结论为行为学层面的分布匹配,不能外推为通用能力结论;预印本未经同行评审。
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Economics > General Economics
arXiv:2606.27845 (econ)
[Submitted on 26 Jun 2026 (v1), last revised 16 Sep 2026 (this version, v2)]
Title:LLM Agents as Static Level-k Players in Behavioural Games
Authors:Po Han Teo
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Abstract:Large Language Models (LLMs) are increasingly used as stand-ins in behavioural games. These stand-ins rely on the assumption that the LLM's distribution of choices meaningfully matches how humans play the same game. This study tests that assumption through two games. The first is a p-beauty contest, and the second one is a public goods game. The study first investigates five local-model settings within the same model family. These settings are varied together in a 360-cell factorial, which balances temperature, scale (0.5-32B), quantisation, instruct vs base, and framing. Each cell's distribution is then compared against whole choice distributions in published human data. Each deployment setting, except for quantisation, governs a different aspect of fidelity. Mechanically, while the dispersion of human players can be somewhat recovered through deployment settings, the strategic process behind it cannot. Through the lens of the level-k cognitive theory, we find that LLMs act as static, category-retrieved level-k players, where k is set by the model scale. The models also do not run within-game belief-updating or backward induction throughout multiple-round horizon settings. While human contributions decayed in the public goods game, LLMs stayed flat or rose at every scale. When the horizon test was administered, LLMs were more cooperative under an indefinite horizon compared to a finite one. However, LLMs ignore their relative round position, so no last-round defection was displayed. This implies that LLMs retrieved levels relative to the horizon category rather than working out iteratively from the specific game setting.
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Subjects:
General Economics (econ.GN); Theoretical Economics (econ.TH)
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arXiv:2606.27845 [econ.GN]
(or
arXiv:2606.27845v2 [econ.GN] for this version)
https://doi.org/10.48550/arXiv.2606.27845
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Submission history
From: Po Han Teo [view email]
[v1]
Fri, 26 Jun 2026 08:34:12 UTC (188 KB)
[v2]
Wed, 16 Sep 2026 13:53:46 UTC (193 KB)
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