Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Does generative AI facilitate investor trading? Evidence from ChatGPT outages

papers.ssrn.com

Post reply on HN
Print view View original

31–40 of 107 posts

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#31

Post by Workaccount2 »

ec109685 wrote: post #24
joering2 wrote: post #8

I think lately results of chat went downhill. I got used to asking "are you sure about that" after each chat answer to my question, and to most of the time the answer is "you are right, here is how I was wrong".

Ask a question like “Why do EVs use less electricity per mile when it is 100 than 70 degrees outside” and then reverse the question. You’ll get two answers that totally contradict each other. “Electric vehicles (EVs) use less electricity per mile in warmer temperatures (around 100 degrees) compared to cooler temperatures (around 70 degrees) primarily due to the following reasons: 1. *Battery Efficiency*: EV batteries…

This type of behavior seems like it should be something that should be (relatively) easy to fix with some kind of external intervention layer. Google has been able to answer queries without using LLMs for some time now, so maybe some kind of pre-check followed by a prompt injection to stiff-arm the LLM in the right direction.

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#32

Post by snapcaster »

chant4747 wrote: post #30
ProllyInfamous wrote: post #26

Background: I am personally a long-term value investor ( a la Sir Templeton or Buffet †), but annually breakfast with a retired "numbers guy" (who's currently building his short-term trading strategy). For decades he worked finance for among the largest accounting firms in the world... Since 2016, our mutual friend and I have been adamently suggesting he look into "this bitcoin thing" — his response was typically [di…

> now if only he had listened back in 2016 =D So your investments could be used to screw other people out of their money who are similarly financially illiterate/insecure? It’s kind of crazy to me that there are somehow still staunch cryptocurrency proponents out there who have somehow ignored all the negative press it has received.

Even if you're very conventionally minded, it shouldn't be that crazy to you that not everyone adopts dominant media narratives

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#33

Post by snapcaster »

fwip wrote: post #29
ProllyInfamous wrote: post #26

Background: I am personally a long-term value investor ( a la Sir Templeton or Buffet †), but annually breakfast with a retired "numbers guy" (who's currently building his short-term trading strategy). For decades he worked finance for among the largest accounting firms in the world... Since 2016, our mutual friend and I have been adamently suggesting he look into "this bitcoin thing" — his response was typically [di…

Another datapoint that shows that LLMs will simply repeat what everyone is saying and happily give the exact wrong answer.

Can't have been trained on hackernews then, this is the most anti-crypto space I'm aware of besides /r/buttcoin. i'm also softly anti crypto so not criticizing, just pointing out you're literally in an environment where the opinion you're talking about gets eviscerated every time so it can't be what "everyone is saying"

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#35

Post by christianqchung »

snapcaster wrote: post #32
chant4747 wrote: post #30

Earlier quoted context omitted.

> now if only he had listened back in 2016 =D So your investments could be used to screw other people out of their money who are similarly financially illiterate/insecure? It’s kind of crazy to me that there are somehow still staunch cryptocurrency proponents out there who have somehow ignored all the negative press it has received.

Even if you're very conventionally minded, it shouldn't be that crazy to you that not everyone adopts dominant media narratives

By dominant media narratives you mean a self evident train of scams and security incidents? There's no conspiracy or undue effort to make crypto look bad, that happened in a decentralized manner.

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#36

Post by svara »

snapcaster wrote: post #33
fwip wrote: post #29

Earlier quoted context omitted.

Another datapoint that shows that LLMs will simply repeat what everyone is saying and happily give the exact wrong answer.

Can't have been trained on hackernews then, this is the most anti-crypto space I'm aware of besides /r/buttcoin. i'm also softly anti crypto so not criticizing, just pointing out you're literally in an environment where the opinion you're talking about gets eviscerated every time so it can't be what "everyone is saying"

HN just loves novelty, once crypto made mainstream news HN fell out of love.

The pattern has applied to Tesla/Musk, cryptocurrency, language models and probably much more I'm not aware of.

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#37

Post by snapcaster »

christianqchung wrote: post #35
snapcaster wrote: post #32

Earlier quoted context omitted.

Even if you're very conventionally minded, it shouldn't be that crazy to you that not everyone adopts dominant media narratives

By dominant media narratives you mean a self evident train of scams and security incidents? There's no conspiracy or undue effort to make crypto look bad, that happened in a decentralized manner.

You were the one that brought up the media (nobody said conspiracy?)

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#38

Post by dorkwood »

ProllyInfamous wrote: post #26

Background: I am personally a long-term value investor ( a la Sir Templeton or Buffet †), but annually breakfast with a retired "numbers guy" (who's currently building his short-term trading strategy). For decades he worked finance for among the largest accounting firms in the world... Since 2016, our mutual friend and I have been adamently suggesting he look into "this bitcoin thing" — his response was typically [di…

> His response was simply "I never got embarrassed asking the computer any finance questions, even stupid/simple ones; I've always been the finance guy with answers so I forgot how to be humble in unexplored topics."

I think I'm the opposite. My feeling is that anything I type into ChatGPT gets stored in a database, ready to be leaked at some future date, or read by prying eyes without my knowledge. I'm more careful about what I type into it than what I say out loud in front of my friends.

Or maybe I'm just paranoid?

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#39

Post by passwordoops »

svara wrote: post #36
snapcaster wrote: post #33

Earlier quoted context omitted.

Can't have been trained on hackernews then, this is the most anti-crypto space I'm aware of besides /r/buttcoin. i'm also softly anti crypto so not criticizing, just pointing out you're literally in an environment where the opinion you're talking about gets eviscerated every time so it can't be what "everyone is saying"

HN just loves novelty, once crypto made mainstream news HN fell out of love. The pattern has applied to Tesla/Musk, cryptocurrency, language models and probably much more I'm not aware of.

I agree about the love of novelty, but two of your examples (Tesla/Musk, LLMs) are also falling out of favor in mainstream news. Especially Elon since Twitter. LLMs too (or at least the hype surrounding them as AGI) have seen mainstream panning of late, in parallel to mainstream outlets

Re: Does generative AI facilitate investor trading? Evidence from ChatGPT outages

#40

Post by christianqchung »

snapcaster wrote: post #37
christianqchung wrote: post #35

Earlier quoted context omitted.

By dominant media narratives you mean a self evident train of scams and security incidents? There's no conspiracy or undue effort to make crypto look bad, that happened in a decentralized manner.

You were the one that brought up the media (nobody said conspiracy?)

Media narratives and conspiracies are often used interchangeably, I can't read your mind so I included both. Also in your original comment you brought up the media, it's right there, so...
Post reply on HN