Breaking New Ground: LLMs as Catalysts in Consumer Financial Decision-Making Research
Type
working paper
Date Issued
2024-09-04
Author(s)
Abstract
This paper introduces a novel framework for leveraging Large Language Models (LLMs) to transform consumer financial decision-making research. By bridging AI and financial decision making literature, it maps Generative Artificial Intelligence (GenAI) capabilities to key research challenges, revealing promising new avenues for future investigations. The framework positions GenAI as a powerful tool for overcoming persistent obstacles in studying dispersed populations, capturing long-term behaviors, and navigating ethical concerns. While acknowledging current GenAI limitations, this work argues that the strategic integration of AI could unlock unprecedented insights, potentially reshaping our approach to financial behavior research.
Language
English
Keywords
Generative AI
Large Language Models
Consumer Financial Decision-Making
Research Methodology
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Name
llms as fdm research catalysts_zehnle.pdf
Size
194.85 KB
Format
Adobe PDF
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