Do LLMs Choose Like Humans? Using Cognitive Theory to Evaluate LLM Decision-Making

The use of large language models either as decision support systems, or in agentic workflows, is rapidly transforming the digital ecosystem. However, the understanding of LLM decision-making under uncertainty remains limited. We study LLM risky choices along two dimensions: (1) prospect representation (based on an explicit representation or outcome history) and (2) decision rationale (explanation). Our study, which involves 20 frontier and open LLMs, is complemented by a matched human subjects experiment, which provides one reference point, while an expected payoff maximizing rational agent model provides another. We find that LLMs cluster into two categories: reasoning models (RMs) and conversational models (CMs). RMs tend towards rational behavior, are insensitive to the order of prospects, gain/loss framing, and explanations, and behave similarly whether prospects are explicit or presented via a history of outcomes. CMs are significantly less rational, slightly more human-like, sensitive to prospect ordering, framing, and explanation, and exhibit a large description-history gap. Paired comparisons of open LLMs suggest that a key factor differentiating RMs and CMs is training for mathematical reasoning.

We ask whether large language models (LLMs) merely imitate rationales when choosing between two options, or whether their choices reflect a systematic underlying decision structure. Using synthetic binary decision settings in which models choose between profiles defined by graded attributes, we compare the attribute a model says mattered most with the attribute that best explains its choice under a behavioural model fit to prior decisions. The behavioural model predicts held-out choices well, showing that model behaviour is systematically related to the visible attributes rather than being random. However, direct self-reports and a separate score-based judge recover the behaviourally inferred driver only partially. The resulting picture is neither one of arbitrary behaviour nor one of fully articulated belief - outputs are structured enough to support prediction, but explicit reasons track the recovered driver only imperfectly. This qualitative pattern persists across prompt-order and sampling perturbations, alternative behavioural models, targeted occlusion analyses, and structurally varied decision settings. We interpret this as evidence for ``superficial belief'' in LLM decision-making: models behave as if guided by probabilistic local priorities over attributes, while having only limited verbal access to the attributes that drive their decisions.

A human's moral decision depends heavily on the context. Yet research on LLM morality has largely studied fixed scenarios. We address this gap by introducing Contextual MoralChoice, a dataset of moral dilemmas with systematic contextual variations known from moral psychology to shift human judgment: consequentialist, emotional, and relational. Evaluating 22 LLMs, we find that nearly all models are context-sensitive, shifting their judgments towards rule-violating behavior. Comparing with a human survey, we find that models and humans are most triggered by different contextual variations, and that a model aligned with human judgments in the base case is not necessarily aligned in its contextual sensitivity. This raises the question of controlling contextual sensitivity, which we address with an activation steering approach that can reliably increase or decrease a model's contextual sensitivity. Code and data: https://github.com/adrian-sauter/contextual_moralchoice.