Tyler and I have a new paper, How to Learn and Teach Economics with Large Language Models, Including GPT:

GPTs, such as ChatGPT and Bing Chat, are capable of answering economics questions, solving specific economic models, creating exams, assisting with research, generating ideas, and enhancing writing, among other tasks. This paper highlights how these innovative tools differ from prior software and necessitate novel methods of interaction. By providing examples, tips, and guidance, we aim to optimize the use of GPTs and LLMs for learning and teaching economics effectively.

Most of the paper is about how to use GPTs effectively but we also make some substantive points that many people are missing:

GPTs are not simply a chatty front end to the internet. Some GPTs like ChatGPT have no ability to search the internet. Others, like Bing Chat, can search the internet and might do so to aid in answering a

Keep reading this article on Marginal Revolution.

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