GPT has become financially literate: Insights from financial literacy tests of GPT and a preliminary test of how people use it as a source of advice
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- Jeongbin Kim & Matthew Kovach & Kyu-Min Lee & Euncheol Shin & Hector Tzavellas, 2024. "Learning to be Homo Economicus: Can an LLM Learn Preferences from Choice," Papers 2401.07345, arXiv.org.
- Ko, Hyungjin & Lee, Jaewook, 2024. "Can ChatGPT improve investment decisions? From a portfolio management perspective," Finance Research Letters, Elsevier, vol. 64(C).
- Pelster, Matthias & Val, Joel, 2024. "Can ChatGPT assist in picking stocks?," Finance Research Letters, Elsevier, vol. 59(C).
- Yuqi Nie & Yaxuan Kong & Xiaowen Dong & John M. Mulvey & H. Vincent Poor & Qingsong Wen & Stefan Zohren, 2024. "A Survey of Large Language Models for Financial Applications: Progress, Prospects and Challenges," Papers 2406.11903, arXiv.org.
- Oehler, Andreas & Horn, Matthias, 2024. "Does ChatGPT provide better advice than robo-advisors?," Finance Research Letters, Elsevier, vol. 60(C).
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More about this item
NEP fields
This paper has been announced in the following NEP Reports:- NEP-AIN-2023-10-16 (Artificial Intelligence)
- NEP-CMP-2023-10-16 (Computational Economics)
- NEP-FLE-2023-10-16 (Financial Literacy and Education)
- NEP-GER-2023-10-16 (German Papers)
- NEP-PAY-2023-10-16 (Payment Systems and Financial Technology)
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