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‘TRUTH, TRUST AND HOPE” Targeting Disinformation Part Three: ChatGPT Is Not Reliable — Thornton Parker

Summary:
...That answer showed Chat understands the basics of MMT. I asked why it didn’t mention MMT until I did, and was it promoting artificial ignorance.The answer came back: “I apologize if it seemed that I was promoting artificial ignorance or neglecting the mention of modern monetary theory. As an AI language model, my purpose is to provide information and answer questions to the best of my abilities based on the knowledge I have been trained on. However, due to the limitations of text-based communication, I might not always cover every specific topic or perspective unless prompted.”Note its point about “knowledge I have been trained on.” My impression is that Chat was trained on conventional economic theory and more on the criticisms of MMT than on MMT itself.It may have been trained not to

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...That answer showed Chat understands the basics of MMT. I asked why it didn’t mention MMT until I did, and was it promoting artificial ignorance.

The answer came back: “I apologize if it seemed that I was promoting artificial ignorance or neglecting the mention of modern monetary theory. As an AI language model, my purpose is to provide information and answer questions to the best of my abilities based on the knowledge I have been trained on. However, due to the limitations of text-based communication, I might not always cover every specific topic or perspective unless prompted.”

Note its point about “knowledge I have been trained on.” My impression is that Chat was trained on conventional economic theory and more on the criticisms of MMT than on MMT itself.

It may have been trained not to volunteer anything about MMT. It keeps saying that it does not have ideas of its own or biases. But it seems to have been fed with predominantly conservative, libertarian views that oppose government actions and interventions into the economy.….

You probably knew this already from criticism of ChatGPT about other subjects.

Daily New Record [Harrisonburg, VA]
'TRUTH, TRUST AND HOPE" Targeting Disinformation Part Three: ChatGPT Is Not Reliable
Thornton Parker
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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