Don’t bet with ChatGPT – study shows language AIs
often make irrational decisions
https://theconversation.com/dont-bet-with-chatgpt-study-shows-language-ais-often-make-irrational-decisions-202936
Mayank Kejriwal (Research Assistant Professor of Industrial & Systems Engineering, University of Southern California):
Although the word rational is often used as a synonym for sane or reasonable in everyday English, it has a specific meaning in the field of decision-making. A decision-making system – whether an individual human or a complex entity like an organization – is rational if, given a set of choices, it chooses to maximize expected gain.
The qualifier “expected” is important because it indicates that decisions are made under conditions of significant uncertainty. If I toss a fair coin, I know that it will come up heads half of the time on average. However, I can’t make a prediction about the outcome of any given coin toss. This is why casinos are able to afford the occasional big payout: Even narrow house odds yield enormous profits on average.
https://theconversation.com/dont-bet-with-chatgpt-study-shows-language-ais-often-make-irrational-decisions-202936
Mayank Kejriwal (Research Assistant Professor of Industrial & Systems Engineering, University of Southern California):
Although the word rational is often used as a synonym for sane or reasonable in everyday English, it has a specific meaning in the field of decision-making. A decision-making system – whether an individual human or a complex entity like an organization – is rational if, given a set of choices, it chooses to maximize expected gain.
The qualifier “expected” is important because it indicates that decisions are made under conditions of significant uncertainty. If I toss a fair coin, I know that it will come up heads half of the time on average. However, I can’t make a prediction about the outcome of any given coin toss. This is why casinos are able to afford the occasional big payout: Even narrow house odds yield enormous profits on average.