# ZHONG, Songfa

**Source**: https://bm.hkust.edu.hk/faculty/zhong-songfa
**Parent**: https://bm.hkust.edu.hk/bizinsight/leadership-and-behavioral-decision-making

ZHONG, Songfa

Professor

Department of Economics

[View Profile](https://econ.hkust.edu.hk/faculty-and-staff/directory/szhong)

### Recent Activities

JIN, Lawrence

[TANG, Rui](https://bm.hkust.edu.hk/faculty/tang-rui)

YE, Han

YI, Junjian

[ZHONG, Songfa](https://bm.hkust.edu.hk/faculty/zhong-songfa)

[Path Dependency in Physician Decisions](https://bm.hkust.edu.hk/bizinsight/2026/01/path-dependency-physician-decisions)

We examine path dependency in physician decisions in an emergency department setting, and find that physicians’ treatment decisions for the current and previous patients are positively correlated. We show that the positive autocorrelation is higher when the current patient is of greater medical uncertainty or more similar to the previous patient in terms of
...
[Read More](https://bm.hkust.edu.hk/bizinsight/2026/01/path-dependency-physician-decisions)

[ [Leadership and Behavioral Decision-making](https://bm.hkust.edu.hk/bizinsight/leadership-and-behavioral-decision-making "Leadership and Behavioral Decision-making") ]

[Read Full Paper](https://academic.oup.com/restud/article/91/5/2916/7286611?login=true)

CHEN, Yiting

LIU, Tracy Xiao

SHAN, You

[ZHONG, Songfa](https://bm.hkust.edu.hk/faculty/zhong-songfa)

[The Emergence of Economic Rationality of GPT](https://bm.hkust.edu.hk/bizinsight/2025/06/emergence-economic-rationality-gpt)

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](https://bm.hkust.edu.hk/bizinsight/2025/06/emergence-economic-rationality-gpt)

[ [BizBites](https://bm.hkust.edu.hk/bizinsight/bizbites "BizBites") ]

[Watch Video](https://video.ust.hk/watch?video=5A06F04E6D3263EA&embed=Y)
[Read Full Paper](https://www.pnas.org/doi/epub/10.1073/pnas.2316205120)