Artificial intelligence is no longer just processing language—it’s making decisions. A new study led by HKUST’s Professor Songfa Zhong and his colleagues examines whether large language models (LLMs) like GPT exhibit economic rationality, a fundamental principle in decision-making. The findings? GPT’s choices are not only rational but, in many cases, more ... Read More

Structural economic changes over time have increased the value of digital technologies. Recent advances in this area, such as analytics, big data, cloud computing and artificial intelligence, have led nontech firms to follow the tech industry’s lead and invest in digital technologies on a large scale. How has this increased uptake of digital technology ... Read More

Implementing financial sector policies that promote financial inclusion and growth is one of the key goals of developing economies. However, the outcomes are often spatially and temporally uneven. Yan Ji of HKUST and co-researchers develop an innovative model to examine the economic impacts of such policies across space and time, taking as a case study the ... Read More

Limited information sharing between retailers and their suppliers represents a critical bottleneck in the performance of supply chains. Working with a colleague, HKUST’s Hongtao Zhang proposes a novel wholesale pricing mechanism that will benefit both retailers and manufacturers and ultimately enhance supply chain efficiency. “Advances in information ... Read More