Algorithmic Collusion by Large Language Models

arXiv:2404.00806v5 Announce Type: replace-cross Abstract: We conduct experiments with algorithmic pricing agents based on Large Language Models (LLMs). In oligopoly settings, LLM-based pricing agents quickly and autonomously reach supracompetitive prices and profits. Variation...

🔗 Read more: https://arxiv.org/abs/2404.00806

#News #Policy #AI #Robotics #Tech #Psychology #Academic