Revealed Preferences: ChatGPT’s Opinion on Economic Issues and the Economics Profession

Tom Coupé

Working Papers in Economics from University of Canterbury, Department of Economics and Finance

Abstract: In this paper, I analyse ChatGPT’s opinion on economic issues by repeatedly prompting ChatGPT with questions from different surveys that have been used to assess the opinion of the economics profession. I find that ChatGPT 3.5 is a one-handed economist with strong opinions, while ChatGPT4o is much more of an ‘average’ economist. I further find little evidence that the widespread use of ChatGPT4o could reduce the gap between what the general public thinks about economic issues and the economics’ profession views on those issues, that ChatGPT4o is about equally likely to prefer professors’ financial advice and the financial advice from popular books, and that ChatGPT4o is more likely to agree with less/nonmainstream views about the economics profession than the economics profession.

Keywords: ChatGPT; Economic Opinion; Economists' Consensus; Public Policy; Artificial Intelligence (search for similar items in EconPapers)
JEL-codes: A11 C83 D80 D83 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2024-08-01
New Economics Papers: this item is included in nep-ain, nep-big, nep-hpe, nep-inv, nep-pke and nep-sog
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Persistent link: https://EconPapers.repec.org/RePEc:cbt:econwp:24/13

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