Cognitive Debiasing Large Language Models for Decision-Making

Abstract: LLMs have shown potential in supporting decision-making applications, particularly as personal assistants in the financial, healthcare, and legal domains. While prompt engineering strategies have enhanced the capabilities of LLMs in decision-making, cognitive biases inherent to LLMs present significant challenges. Cognitive biases are systematic patterns of deviation from norms or rationality in decision-making that can lead to the production of inaccurate outputs. Existing cognitive bias mitigation strategies assume that input prompts only contain one type of cognitive bias, limiting their effectiveness in more challenging scenarios involving multiple cognitive biases. To fill this gap, we propose a cognitive debiasing approach, self-adaptive cognitive debiasing (SACD), that enhances the reliability of LLMs by iteratively refining prompts. Our method follows three sequential steps -- bias determination, bias analysis, and cognitive debiasing -- to iteratively mitigate potential cognitive biases in prompts. Experimental results on finance, healthcare, and legal decision-making tasks, using both closed-source and open-source LLMs, demonstrate that the proposed SACD method outperforms both advanced prompt engineering methods and existing cognitive debiasing techniques in average accuracy under single-bias and multi-bias settings.