Episode Description
How AI gets simple finance wrong, and how to make it work for you, not mislead you
Topics covered include:
- How AI ignores the time value of money
- A detailed example of ChatGPT misleading by making a simple math mistake
- Some examples of opportunity costs and sunk costs when making financial decisions
- Understanding how AI works can help us use it more effectively
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Show Notes
What Kind of a “PhD-level Expert” Is ChatGPT 5.0? I Tested It. by Gary Smith—Mind Matters
Top US Army General Says He’s Letting ChatGPT Make Military Decisions by Joe Wilkins—Futurism
Why Language Models Hallucinate by Adam Tauman Kalai, Ofir Nachum, et al—Arxiv
Auto Loan Calculator—nerdwallet
Related Episodes
538: Forests, Fakes, and the Fight for the Real
457: AI’s Fork in the Road: Societal Bliss or Existential Threat
450: How Higher Interest Rates Alter Our Financial Blueprint
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