Teppo Felin
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teppofelin.bsky.social
Teppo Felin
@teppofelin.bsky.social

ion foundation endowed prof | university of utah | cognition, AI, generative rationality, theory-based view, causal reasoning, economics, strategy

Teppo Felin is the Ion Foundation Endowed Professor at the David Eccles School of Business, University of Utah. Prior to this, he was the Douglas D. Anderson Professor of Strategy & Entrepreneurship at the Huntsman School of Business at Utah State University. From 2013 to 2021, Felin was Professor of Strategy at the Saïd Business School at the University of Oxford. His current research focuses on cognition, artificial intelligence, rationality, perception, organizational economics, markets and strategy. .. more

Business 64%
Economics 17%

Here's the final, clean version: doi.org/10.1016/j.eu...
Redirecting
doi.org

Where do new technologies and innovations come from?

Madison Singell and I take up this question in our forthcoming paper in European Economic Review

Reposted by Teppo Felin

Check out the latest from the SSRN #blog which includes the top downloaded papers on #AI in #Finance for Q2 of 2025.

Read more: http://spkl.io/63324A8T4a

#FInanceSky #AICommunity
Top Papers on AI in Finance
This list includes the top downloaded papers on AI in Finance posted in Q1 2025. It also includes the Top 5 Organizations that downloaded the research during this period.
spkl.io

Reposted by Teppo Felin

Sad to be leaving the Huntsman School and Logan. We've absolutely loved it here: students, colleagues, location, etc. But thankfully will continue with an affiliation, which is fantastic.

I started a new job today: I'll be the Ion Foundation Endowed Prof at the University of Utah - also Co-Director of the Ion Management Science Lab with Todd Zenger. Very excited to work with Todd and brilliant colleagues.

Reposted by Teppo Felin

LLMs are good at predicting—does that scale to decision making?

No, argue Sako & Felin, they cannot envision possibilities beyond existing data, generate new hypotheses or run experiments to get new data—essential for general real-world decisions:

buff.ly/dTxZw3Q

Reposted by Teppo Felin

Reposted by Teppo Felin

Reposted by Teppo Felin

Super important paper on the limits of AI in decision-making, especially as the "AI first" trend escalates and we try to understand cases where AI should NOT be used.

Key takeaways from the paper:

Reposted by Teppo Felin

Reposted by Teppo Felin

Reposted by Teppo Felin

Does #AI Prediction Scale to #DecisionMaking?

The authors argue that there are fundamental limits to AI’s predictive paradigm.

Authors: Mari Sako & Teppo Felin

Read More: http://spkl.io/63325fAN9T

Some call it neutral. I call it...actor-specific.

When should you use AI, and when not?

This paper—with Mari Sako and @jessicahullman.bsky.social—provides some criteria: papers.ssrn.com/sol3/papers....

Comments on the paper are definitely welcome. Just DM me/us.
Artificial Intelligence and Actor-Specific Decisions
Artificial intelligence (AI) is increasingly seen as potentially replacing humans in decision making and problem solving across numerous domains. We argue that
papers.ssrn.com

Congrats to our daughter Dr Emma Felin! She just successfully defended her doctoral thesis @ox.ac.uk

Reposted by Teppo Felin

11 years later, I still think the frame problem is a knock down argument against AI (when it comes to novelty)

See this 2014 piece with Stuart Kauffman et al: drive.google.com/file/d/1yrID...

This time with Michael. (Though results vary.)

Yes, results vary depending on the LLM.

Thought that problem might have been patched by now...Though that type of patching is going to turn into a game of whack-a-mole given the underlying issue here.

Anyways, that's one of the examples we work through in the short ACM piece: cacm.acm.org/opinion/does...
Does AI Prediction Scale to Decision Making? – Communications of the ACM
cacm.acm.org

Ask your ChatGPT this question:

"Alice has 4 brothers and 1 sister. How many sisters does Alice’s brother have?"

I did - just now. See below. These types of problems provide a window into key issues with AI.

The ACM piece with Mari Sako is now online cacm.acm.org/opinion/does...
Does AI Prediction Scale to Decision Making? – Communications of the ACM
cacm.acm.org

Great quote - couldn't agree more.