Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/341561 
Year of Publication: 
2026
Series/Report no.: 
ECONtribute Discussion Paper No. 410
Publisher: 
University of Bonn and University of Cologne, Reinhard Selten Institute (RSI), Bonn and Cologne
Abstract: 
Large Language Models (LLMs) are trained on a prodigious corpus of human writing and may reveal human preferences over characteristics of life courses, such as income, longevity, and working conditions. We present OpenAI's GPT-5.4 and a broadly representative sample of Americans with pairs of life stories and ask them to choose the life they would prefer for themselves. A person's choice is better predicted by the LLM's choice than by another person's choice over the same stories, and LLM valuations of several life attributes are similar to those derived from human responses. Our results suggest that LLM responses offer a scalable and cost-effective complement to existing methods for studying human preferences.
Subjects: 
Life preferences
LLMs
LLM revelation conjecture
life stories
essential life attributes
life attribute valuations
JEL: 
D90
Document Type: 
Working Paper

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