With the release of ChatGPT, I thought I might finally have an answer to one of the few remaining unanswered questions in economics: is there such a thing as a free lunch? After fasting through midday, I was left wondering what ChatGPT might otherwise be good for, more particularly, what meaningful data could it provide as input to my AI algorithms. Social media can be thought of as “Confirmation Bias as a Service.” It is architected to understand what confirms my beliefs and it provides that to me. It generally makes me feel good as a person, but my AI algorithms are less moved. ChatGPT is more like “Group Think as a Service.”
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