GLEE: A Unified Framework and Benchmark for Language-based Economic Environments
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Abstract (arXiv)
Large Language Models (LLMs) show significant potential in economic and strategic interactions, where communication via natural language is often prevalent. This raises key questions: Do LLMs behave rationally? How do they perform compared to humans? Do they tend to reach an efficient and fair outcome? What is the role of natural language in strategic interaction? How do characteristics of the economic environment influence these dynamics? These questions become crucial concerning the economic and societal implications of integrating LLM-based agents into real-world data-driven systems, such as online retail platforms and recommender systems. To answer these questions, we introduce a benchmark for standardizing research on two-player, sequential, language-based games. Inspired by the economic literature, we define three base families of games with consistent parameterization, degrees of freedom and economic measures to evaluate agents' performance (self-gain), as well as the game outcome (efficiency and fairness). We develop an open-source framework for interaction simulation and analysis, and utilize it to collect a dataset of LLM vs. LLM interactions across numerous game configurations and an additional dataset of human vs. LLM interactions. Through extensive experimentation, we demonstrate how our framework and dataset can be used to: (i) compare the behavior of LLM-based agents in various economic contexts; (ii) evaluate agents in both individual and collective performance measures; and (iii) quantify the effect of the economic characteristics of the environments on the behavior of agents. Our results suggest that the market parameters, as well as the choice of the LLMs, tend to have complex and interdependent effects on the economic outcome, which calls for careful design and analysis of the language-based economic ecosystem.
Key facts. Cited by 20 papers in the map (data through 14 Oct 2026). Builds on 24 of its 54 references that are in the map. First posted on arXiv 7 Oct 2024.
Builds on
24 of 54 references.
References · 24
- 2016XGBoost: A Scalable Tree Boosting Systemcited by 5,166
- 2023Voyager: An Open-Ended Embodied Agent with Large Language Modelscited by 2,191
- 2023Playing repeated games with Large Language Modelscited by 217
- 2024GTBench: Uncovering the Strategic Reasoning Limitations of LLMs via Game-Theoretic Evaluationscited by 120
- 2024How Well Can LLMs Negotiate? NegotiationArena Platform and Analysiscited by 100
- 2023Can Large Language Models Serve as Rational Players in Game Theory? A Systematic Analysiscited by 92
- 2023ChessGPT: Bridging Policy Learning and Language Modelingcited by 75
- 2024How Far Are We on the Decision-Making of LLMs? Evaluating LLMs' Gaming Ability in Multi-Agent Environmentscited by 67
- 2023CompeteAI: Understanding the Competition Dynamics in Large Language Model-based Agentscited by 65
- 2024Measuring Bargaining Abilities of LLMs: A Benchmark and A Buyer-Enhancement Methodcited by 48
- 2022Modeling Content Creator Incentives on Algorithm-Curated Platformscited by 35
- 2024Bootstrapping LLM-based Task-Oriented Dialogue Agents via Self-Talkcited by 34
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- 2024STEER: Assessing the Economic Rationality of Large Language Modelscited by 27
- 2024LLMs with Personalities in Multi-issue Negotiation Gamescited by 22
- 2024STRIDE: A Tool-Assisted LLM Agent Framework for Strategic and Interactive Decision-Makingcited by 22
- 2024Economics Arena for Large Language Modelscited by 17
- 2024Capturing the Complexity of Human Strategic Decision-Making with Machine Learningcited by 14
- 2024Can LLMs Replace Economic Choice Prediction Labs? The Case of Language-based Persuasion Gamescited by 12
- 2023Human Choice Prediction in Language-based Persuasion Games: Simulation-based Off-Policy Evaluationcited by 8
- 2020Predicting Decisions in Language Based Persuasion Gamescited by 6
- 2018Convergence of Learning Dynamics in Information Retrieval Gamescited by 5
- 2021Designing an Automatic Agent for Repeated Language based Persuasion Gamescited by 5
- 2023The Search for Stability: Learning Dynamics of Strategic Publishers with Initial Documentscited by 4
- 2024On the Convergence of No-Regret Dynamics in Information Retrieval Games with Proportional Ranking Functionscited by 3
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Citing papers per year: 2024: 2; 2025: 8; 2026: 10.
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- 2024A Survey on Large Language Model-Based Social Agents in Game-Theoretic Scenarioscited by 23
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- 2025Reasoning Like an Economist: Post-Training on Economic Problems Induces Strategic Generalization in LLMscited by 2
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- 2025Beyond Benchmarks: LLM Evaluation with an Anthropomorphic and Lifecycle-oriented Roadmapcited by 1
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- 2026Benchmarking large language model agent societies against human behavioural distributions28 Aug 2026
- 2026From Economic Agents to Agentic Economies: A Systems Blueprint for Economic World Models6 Aug 2026
- 2026Can LLM Agents Price Competitively? A Dynamic Multi-Attribute Auction Benchmark for Agentic Commerce30 Jul 2026
- 2026Autonomous Research Agents: A Survey of AI Scientists and the Verification Gap29 Jun 2026
- 2026BehaviorBench: Benchmarking Foundation Models for Behavioral Science Tasks23 Jun 2026
- 2026Predicting Decisions of AI Agents from Limited Interaction through Text-Tabular Modeling12 May 2026
- 2026MALLES: A Multi-agent LLMs-based Economic Sandbox with Consumer Preference Alignment18 Mar 2026
- 2026Alignment Makes Language Models Normative, Not Descriptive17 Mar 2026
- 2026Sequential LLM Release Facilitates Manipulation in Regulated Markets16 Jan 2026
- 2025Magentic Marketplace: An Open-Source Environment for Studying Agentic Markets27 Oct 2025
- 2025RLRF: Competitive Search Agent Design via Reinforcement Learning from Ranker Feedback5 Oct 2025
8 more
- 2025Beyond Benchmarks: LLM Evaluation with an Anthropomorphic and Lifecycle-oriented Roadmap26 Aug 2025
- 2025The Effect of State Representation on LLM Agent Behavior in Dynamic Routing Games18 Jun 2025
- 2025Reasoning Like an Economist: Post-Training on Economic Problems Induces Strategic Generalization in LLMs31 May 2025
- 2025ARIA: Training Language Agents with Intention-Driven Reward Aggregation31 May 2025
- 2025CSP: A Simulator For Multi-Agent Ranking Competitions16 Feb 2025
- 2025Game Theory Meets Large Language Models: A Systematic Survey with Taxonomy and New Frontiers13 Feb 2025
- 2024A Survey on Large Language Model-Based Social Agents in Game-Theoretic Scenarios5 Dec 2024
- 2024TMGBench: A Systematic Game Benchmark for Evaluating Strategic Reasoning Abilities of LLMs14 Oct 2024
- 2024A Survey on Large Language Model-Based Social Agents in Game-Theoretic Scenarioscited by 23
- 2025Magentic Marketplace: An Open-Source Environment for Studying Agentic Marketscited by 19
- 2025ARIA: Training Language Agents with Intention-Driven Reward Aggregationcited by 9
- 2025The Effect of State Representation on LLM Agent Behavior in Dynamic Routing Gamescited by 9
- 2026Autonomous Research Agents: A Survey of AI Scientists and the Verification Gapcited by 9
- 2026MALLES: A Multi-agent LLMs-based Economic Sandbox with Consumer Preference Alignmentcited by 2
- 2025CSP: A Simulator For Multi-Agent Ranking Competitionscited by 1
- 2025RLRF: Competitive Search Agent Design via Reinforcement Learning from Ranker Feedbackcited by 0
- 2026Predicting Decisions of AI Agents from Limited Interaction through Text-Tabular Modelingcited by 0
- 2026Can LLM Agents Price Competitively? A Dynamic Multi-Attribute Auction Benchmark for Agentic Commercecited by 0
- 2026Benchmarking large language model agent societies against human behavioural distributionscited by 0
- 2026Receiver Decides Agent-to-Agent Negotiationscited by 0
- 2026Receiver Decides Agent-to-Agent Negotiations13 Oct 2026
- 2026Benchmarking large language model agent societies against human behavioural distributions28 Aug 2026
- 2026Can LLM Agents Price Competitively? A Dynamic Multi-Attribute Auction Benchmark for Agentic Commerce30 Jul 2026
- 2026Autonomous Research Agents: A Survey of AI Scientists and the Verification Gap29 Jun 2026
- 2026Predicting Decisions of AI Agents from Limited Interaction through Text-Tabular Modeling12 May 2026
- 2026MALLES: A Multi-agent LLMs-based Economic Sandbox with Consumer Preference Alignment18 Mar 2026
- 2025Magentic Marketplace: An Open-Source Environment for Studying Agentic Markets27 Oct 2025
- 2025RLRF: Competitive Search Agent Design via Reinforcement Learning from Ranker Feedback5 Oct 2025
- 2025The Effect of State Representation on LLM Agent Behavior in Dynamic Routing Games18 Jun 2025
- 2025ARIA: Training Language Agents with Intention-Driven Reward Aggregation31 May 2025
- 2025CSP: A Simulator For Multi-Agent Ranking Competitions16 Feb 2025
- 2024A Survey on Large Language Model-Based Social Agents in Game-Theoretic Scenarios5 Dec 2024
- 2026Alignment Makes Language Models Normative, Not Descriptive17 Mar 2026
- 2025Game Theory Meets Large Language Models: A Systematic Survey with Taxonomy and New Frontierscited by 16
- 2025Beyond Benchmarks: LLM Evaluation with an Anthropomorphic and Lifecycle-oriented Roadmapcited by 1
- 2026Sequential LLM Release Facilitates Manipulation in Regulated Marketscited by 1
- 2026BehaviorBench: Benchmarking Foundation Models for Behavioral Science Taskscited by 1
- 2026BehaviorBench: Benchmarking Foundation Models for Behavioral Science Tasks23 Jun 2026
- 2026Sequential LLM Release Facilitates Manipulation in Regulated Markets16 Jan 2026
- 2025Beyond Benchmarks: LLM Evaluation with an Anthropomorphic and Lifecycle-oriented Roadmap26 Aug 2025
- 2025Game Theory Meets Large Language Models: A Systematic Survey with Taxonomy and New Frontiers13 Feb 2025
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- 2026GENSTRAT: Toward a Science of Strategic Reasoning in Large Language Models
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- 2025Collaboration and Conflict between Humans and Language Models through the Lens of Game Theory
- 2026Competitive Market Behavior of LLMs