{"title":"Biased decisions of Large Language Models (LLM): Computer control agents and the decoy effect","authors":"Kevin Bösch","doi":"10.1016/j.socec.2026.102641","DOIUrl":"10.1016/j.socec.2026.102641","url":null,"abstract":"<div><div>Large Language Models (LLMs) are increasingly embedded into Computer Control Agents (CCAs), enabling them to act autonomously on behalf of users. While prior research has examined behavioral biases in LLM-generated text, little is known about whether such biases and heuristics extend to automated actions. This study investigates whether CCAs exhibit the decoy effect — a well-documented bias in human decision making, where the presence of an inferior alternative shifts preferences towards a target option. Using the open-source framework browser-use, 3600 simulations across five canonical decision scenarios with six state-of-the-art LLMs are analyzed. Results show an aggregate decoy effect where CCAs select the target more often when a decoy is present (43.4%) than when it is absent (38.0%; <span><math><mrow><mi>p</mi><mo><</mo><mo>.</mo><mn>001</mn></mrow></math></span>), consistent with bounded rationality observed in humans. However, the magnitude and direction of the effect vary across models, with some displaying no significant bias. These findings extend evidence of heuristics in LLM behavior from text outputs to autonomous actions, highlighting both opportunities and risks for deploying CCAs in decision-making contexts. Implications for digital nudging, system design, and the use of LLMs as simulations in behavioral research are discussed.</div></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":"124 ","pages":"Article 102641"},"PeriodicalIF":1.5,"publicationDate":"2026-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148951183","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Corrigendum to “Two nudges, one goal: Promoting animal welfare in a virtual supermarket” [Journal of Behavioral and Experimental Economics 123 (2026) 102608]","authors":"Leonie Bach, Monika Hartmann, Nina Weingarten","doi":"10.1016/j.socec.2026.102621","DOIUrl":"10.1016/j.socec.2026.102621","url":null,"abstract":"","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":"124 ","pages":"Article 102621"},"PeriodicalIF":1.5,"publicationDate":"2026-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148951184","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Designing donor registries: Behavioral drivers of enrollment and giving","authors":"Matej Lorko, Maroš Servátka, Robert Slonim","doi":"10.1016/j.socec.2026.102612","DOIUrl":"10.1016/j.socec.2026.102612","url":null,"abstract":"<div><div>Many charitable organizations invite potential donors to first join a registry before soliciting donations from those who have joined. Behavioral theories suggest that the choice architecture of registry enrollment can influence not just participation but also future giving. Some approaches may be relatively more likely to increase the likelihood of joining but reduce the subsequent propensity to donate and the amount donated, while other methods might have the opposite effect. We experimentally test four behavioral theories – overhead aversion, status quo bias, reciprocity, and moral consistency – in a two-stage donor engagement model. We find that (1) disclosing registry-related overhead costs decreases donations, (2) changing the default enrollment method (op-in vs. opt-out) does not affect enrollment nor donations, (3) targeting reciprocity by offering a small gift conditional on joining the registry boosts enrollment but not donations, and (4) targeting moral consistency by requesting an upfront contribution does not decrease the likelihood of joining the registry and can improve charity returns. Our findings emphasize how subtle differences in the design of early-stage donor approaches can influence longer-term fundraising outcomes.</div></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":"123 ","pages":"Article 102612"},"PeriodicalIF":1.5,"publicationDate":"2026-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148499655","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Beyond sight: Exploring the impact of a multifaceted intervention on knowledge, attitudes and behaviors towards persons with visual impairment","authors":"Sergiu Burlacu, Davide Azzolini, Federico Podestà","doi":"10.1016/j.socec.2026.102604","DOIUrl":"10.1016/j.socec.2026.102604","url":null,"abstract":"<div><div>We evaluate a multi-faceted intervention aimed at improving social inclusion and reducing prejudice against individuals with visual impairment. The intervention, randomly assigned to upper-secondary school students, consists of an awareness-raising activity and a simulation-based inter-group contact activity. While we find positive effects on knowledge of visual impairment, perspective-taking and empathic concerns, and general societal attitudes towards persons with visual impairment, no improvements are observed in terms of implicit attitudes or multidimensional attitudes. Moreover, the intervention does not improve outcomes measured through incentivized choices, such as the willingness to pay for social interaction with persons with visual impairment, beliefs regarding their performance and outcomes in various domains, and altruism towards them. The evidence suggests that assessing impacts only on knowledge and general attitudes, as is commonly done in the literature, may not suffice to determine the extent to which such interventions are successful at improving social inclusion for persons with visual or other forms of impairment.</div></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":"123 ","pages":"Article 102604"},"PeriodicalIF":1.5,"publicationDate":"2026-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148499656","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Prompting food safety responsibility: Does it influence consumers’ choices of food safety campaigns?","authors":"Madalina Radu, Seda Erdem, Danny Campbell","doi":"10.1016/j.socec.2026.102607","DOIUrl":"10.1016/j.socec.2026.102607","url":null,"abstract":"<div><div>Communicating food safety and risk information to consumers is essential to reducing the incidence of foodborne illness. However, despite widespread public health campaigns, behaviour change remains limited. This study investigates whether framing individual responsibility in campaign messages influences consumers’ stated preferences for food safety campaigns. Using a web-based discrete choice experiment with 2343 Scottish adults, participants were randomly assigned to one of three groups: a control group (no prompt), a treatment with a statement-based responsibility prompt or a treatment with a question-based prompt. Respondents completed a series of choice tasks evaluating hypothetical campaigns that varied by delivery channel, timing and message style, alongside an opt-out option (“no campaign”). Results show that question-framed prompts significantly increase the likelihood of choosing a campaign over the opt-out, relative to both the control and statement conditions. While the overall effects are modest in magnitude, they are consistent with prior evidence on the cognitive and motivational impact of question-based framing. These findings suggest that simple, low-cost message framing strategies, particularly those encouraging reflection and self-persuasion, can enhance the perceived effectiveness of public health campaigns and may support improved food safety communication design.</div></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":"123 ","pages":"Article 102607"},"PeriodicalIF":1.5,"publicationDate":"2026-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148499658","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Corrigendum to “Household resilience during climate shocks in rural Benin: The role of matrilocality on girls' school dropout” [Journal of Behavioral and Experimental Economics 122 (2026) 102561]","authors":"Sènakpon Fidèle Ange Dedehouanou, Vihoutou Marthe Kougblenou Menou","doi":"10.1016/j.socec.2026.102575","DOIUrl":"10.1016/j.socec.2026.102575","url":null,"abstract":"","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":"123 ","pages":"Article 102575"},"PeriodicalIF":1.5,"publicationDate":"2026-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148499661","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Jiancheng Zheng, Shangjia Guo, Liang Chen, Rong Niu, Peibin Chen
{"title":"Does population aging affect the financial vulnerability of rural households in China?","authors":"Jiancheng Zheng, Shangjia Guo, Liang Chen, Rong Niu, Peibin Chen","doi":"10.1016/j.socec.2026.102610","DOIUrl":"10.1016/j.socec.2026.102610","url":null,"abstract":"<div><div>Against the backdrop of continuous changes in population age structure, financial risks faced by rural households arising from a rising old-age dependency ratio have become a practical obstacle to the sustained and stable development of China’s macroeconomy. Using data from the China Household Finance Survey (CHFS) spanning 2013–2019, this study systematically examines the impact of the old-age dependency ratio on financial vulnerability among rural Chinese households, as well as its underlying mechanisms, by employing panel logit models, mediation effect models, and related empirical methods. The findings indicate that an increase in the old-age dependency ratio significantly raises the probability of rural households falling into financial vulnerability, and the results remain robust after addressing endogeneity concerns and conducting robustness checks. This effect is significant across regions and is more evident among households with weaker insurance protection, lower or middle levels of human capital investment, and limited liquid asset holdings. Furthermore, a higher old-age dependency ratio exacerbates financial vulnerability among rural households through reduced digital literacy, reduced financial literacy, increased caregiving burdens, and higher risk aversion. From a micro-level perspective, this study reveals the internal mechanisms through which demographic change affects rural household financial stability, enhances understanding of the formation of financial vulnerability, and provides empirical evidence and theoretical insights for preventing rural financial risks and improving relevant institutional arrangements.</div></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":"123 ","pages":"Article 102610"},"PeriodicalIF":1.5,"publicationDate":"2026-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148499654","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Risk aversion and job market outcomes for people outside of the gender binary","authors":"Vivian Dong","doi":"10.1016/j.socec.2026.102603","DOIUrl":"10.1016/j.socec.2026.102603","url":null,"abstract":"<div><div>While economics has traditionally ignored gender nonbinary individuals, recent work has increasingly focused on this growing minority. Understanding their risk preferences and their connections to the labor market is important to promoting equity. I test the relationship between gender and risk attitudes using three well-established, incentivized measures. This is the first incentivized study of nonbinary individuals’ risk preferences. I replicate findings about differences in preferences between men and women. In addition to these results, I find that nonbinary individuals’ preferences fall between those of men and women. I also record various job market outcomes and find that nonbinary individuals are less likely to be employed and tend to believe they are paid unfairly more than men do. Outcomes such as being a manager and receiving promotions are also positively linked to a higher rating on a self-assessment of willingness to take risks.</div></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":"123 ","pages":"Article 102603"},"PeriodicalIF":1.5,"publicationDate":"2026-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148499657","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An exploratory foray into the inclination to cooperate in spite of cooperation-induced stress","authors":"Oded Stark, Grzegorz Kosiorowski","doi":"10.1016/j.socec.2026.102536","DOIUrl":"10.1016/j.socec.2026.102536","url":null,"abstract":"<div><div>We establish a new approach to the modeling of cooperation, and we formulate a new solution concept for cooperative games. We do this by constructing a game of cooperation between individuals who exhibit distaste for relative deprivation, <em>RD</em>, in the sense that they experience stress when their income is lower than that of their comparators. In such a game, the sharing out of the jointly earned income between these individuals when they cooperate, as prescribed by standard solutions of cooperative games, might not be acceptable to the individuals. The stress from <em>RD</em> may have the upper hand. Measuring stress by <em>RD</em>, we thus model a setting in which two individuals who are concerned with being relatively deprived need to decide whether or not to cooperate. We term this setting an <em>RD cooperative game</em>, and we design a rule, the <em>RD solution</em>, for the distribution of the income yielded in this game. The <em>RD solution</em> prescribes cooperation in spite of cooperation-induced stress and preserves the spirit of standardness (an equal sharing of the gain that accrues from cooperation) for two-player games (a property shared by the main solution concepts for cooperative games).</div></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":"123 ","pages":"Article 102536"},"PeriodicalIF":1.5,"publicationDate":"2026-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148499660","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Tax policy levers and taxpayer decision-making: insights from a laboratory experiment on an evolutionary model of income tax evasion decisions","authors":"Silvia Fedeli, Francesco Bloise, Elena Costarelli","doi":"10.1016/j.socec.2026.102613","DOIUrl":"10.1016/j.socec.2026.102613","url":null,"abstract":"<div><div>An evolutionary game provides a parsimonious benchmark for repeated interactions between tax authorities and taxpayers in income-tax evasion decisions. The model relaxes the assumption of fully rational, forward-looking agents and characterizes the stationary shares of inspection and full compliance through payoff comparisons. It predicts that lower tax rates and higher penalties are associated with a larger share of fully honest taxpayers.</div><div>A laboratory experiment from the taxpayers' perspective examines how tax-authority policy instruments affect decisions across repeated rounds. Consistent with the model's comparative statics, a higher tax rate is associated with a lower probability of full honesty, whereas a higher penalty rate is associated with a higher probability of full honesty. The data also show patterns consistent with experience-based adjustment, including lower compliance after an audit, a pattern commonly labeled the “bomb-crater effect”. Because subjective beliefs were not elicited, we frame these behavioral mechanisms as interpretations of the observed patterns rather than as directly identified psychological channels.</div></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":"123 ","pages":"Article 102613"},"PeriodicalIF":1.5,"publicationDate":"2026-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148499662","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}