relative valuation
Relative Value Biases in Large Language Models
Hayes, William M., Yax, Nicolas, Palminteri, Stefano
Studies of reinforcement learning in humans and animals have demonstrated a preference for options that yielded relatively better outcomes in the past, even when those options are associated with lower absolute reward. The present study tested whether large language models would exhibit a similar bias. We had gpt-4-1106-preview (GPT-4 Turbo) and Llama-2-70B make repeated choices between pairs of options with the goal of maximizing payoffs. A complete record of previous outcomes was included in each prompt. Both models exhibited relative value decision biases similar to those observed in humans and animals. Making relative comparisons among outcomes more explicit magnified the bias, whereas prompting the models to estimate expected outcomes caused the bias to disappear. These results have implications for the potential mechanisms that contribute to context-dependent choice in human agents.
2022 Insights on the Artificial Intelligence in Healthcare Market
Dublin, Feb. 16, 2022 (GLOBE NEWSWIRE) -- The "Artificial Intelligence in Healthcare: Intellectual Property Landscape" report has been added to ResearchAndMarkets.com's offering. This report features an extensive study of the historical and current collection of granted patents, patent applications and affiliated documents associated with the upcoming suite of intuitive software and automation enabling solutions, which are designed for use within the healthcare industry. The information in this report has been presented across two deliverables, namely an Excel sheet, featuring an interactive dashboard, and a PowerPoint presentation, summarizing the ongoing activity in this domain, and key insights drawn from the available data. The global healthcare sector has been overtly reluctant to embrace technology. This may partially be due to the failure of early digitization efforts, which were fraught with challenges and turned out to be more of a liability rather than a path forward.
Apple May Be The Biggest Winner From Facebook's Data Scandal
This article originally appeared in the Motley Fool. In 2014, Apple (NASDAQ:AAPL) CEO Tim Cook penned a missive regarding Apple's approach to privacy. In the letter Cook famously noted, "A few years ago, users of Internet services began to realize that when an online service is free, you're not the customer, you're the product." Cook was mostly looking to contrast the business model of Apple, which involves mostly making money on device sales, versus that of Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), which often sells devices at breakeven to make money from advertising and data collection. However, Cook drew the ire of Facebook's (NASDAQ:FB) CEO Mark Zuckerberg, who responded in an interview with Time magazine.