Gary Smith
@StandardDevs
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economics professor
Author of Standard Deviations
Joined May 2014
#bubble, #realestatebubble The drop in U.S. home price indexes between 2007 and 2011 has been widely interpreted as the bursting of a nationwide housing bubble. However, in many parts of the United States, there was no bubble. https://t.co/OBM9KgGMQR
drive.google.com
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#SamAltman, #ChatGPT, #TooBigToFail OpenAI isn’t too big to fail — and Big Tech would be fine with that https://t.co/wIuugmFaf7
drive.google.com
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#GPT, #LLMs, #intelligence, #JamesSomers Reaction to New Yorker article of AI understanding An illusion is still just an illusion: https://t.co/uUKbTvHe1p
mindmatters.ai
A real-world example of such struggles is the poor performance, in general, of AI-powered mutual funds.
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#GPT, #LLMs, #AIbubble Here’s one question about the AI bubble that even ChatGPT can’t answer: Where’s the profit? https://t.co/xYhTK8HJhj
drive.google.com
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#GPT, #LLMs, #Sonnet, #Gemini, #Copilot, #DeepSeek Large Language Models are Inconsistent Because They are Unintelligent https://t.co/osqc9PmfX7
mindmatters.ai
Claims that an LLM is intelligent don’t square with the fact that it may answer a question one way and, a few seconds later, simply contradict itself.
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#GPT, #retirementsaving, #6040 rule Sometimes, good decisions require more than blindly accepting advice from humans as well as computers! https://t.co/8uzfyoK4xD
mindmatters.ai
The conventional belief that a sound investment portfolio should be 60% stocks and 40% bonds does not stand up to careful scrutiny.
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#ChatGPT, #GPT5, #LLMs, #AI Intelligence is more than pressing a lever to obtain water: https://t.co/U83b843fUB
mindmatters.ai
Human trainers can nudge LLMs to give good answers for specific questions but this training doesn’t prepare them for subtle variations.
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#socialMedia, #Facebook, #Twitter, #X, #Tik&ok, #Instagram Glued to our phones. Our troubling addiction to social media: https://t.co/5zbGO8Ac34
mindmatters.ai
Social media addictions clearly cause harm among minors but the tech giants who profit by them won’t regulate themselves in any meaningful way.
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#NolanHigdon, #FakeNews, I really enjoy and highly recommend Nolan Higdon’s essays about the media: “Think of it as your BS firewall: a no-spin zone where lies get torched and truth takes the mic.” https://t.co/37etxjmyC1
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#AGI, #SamAltman, #ChatGPT, #LLMs AGI is here! Declare victory and get the hell out: https://t.co/LAO20iOlL4
mindmatters.ai
The fundamental problem remains; models like GPT-5 are hobbled by their inherent inability to relate the text they input and output to the real world.
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#StatisticsQuestions, #StatisticsTests After 50+ years teaching an undergraduate statistics class, I’ve collected hundreds of exam questions and out-of-class projects in my new book, Exercises and Solutions in Probability and Statistics < https://t.co/YkpLj6KwBz>
garysmithn.com
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#FinanceQuestions, #FinanceTests, #InvestmentQuestions, #InvestmentTests After 50+ years teaching an undergraduate investment class, I’ve collected hundreds of exam questions and out-of-class projects in my new book, Exercises and Solutions in Finance < https://t.co/miIPJV4n8G>
garysmithn.com
Watch Video Buy
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#GPT, #LLMs, #Zuckerberg, #Meta, #OpenAI Paying an AI engineer more than Steph Curry? That’s a bubble ready to pop: https://t.co/QZdZm9U64n
drive.google.com
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#finance, #statistics, #probability Two new books published today: Exercises and Solutions in Finance < https://t.co/miIPJV4UYe> Exercises and Solutions in Probability and Statistics < https://t.co/YkpLj6L4r7> The links have brief videos explaining why I wrote these books.
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#AI, #LLMs, #SamAltman, #GPT5,#AIbubble Two for Tuesday: The AI Bubble: https://t.co/k1BwjlkM8T Lessons learned from my tests of GPT 5.0’s “PhD-level expertise”: https://t.co/jehUnhqzRH
mindmatters.ai
In an era where politicians, celebrities, and businesses can get away with blatant untruths with little or no consequence, will the same be true of LLMs?
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#GPT5, #OpenAI, #SamAltman They say that dogs tend to resemble their owners. Chat GPT very much resembles Sam Altman—always confident, often wrong.
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#GPT5.0, #LLMs, #AI, #SamAltman Sam Altman and GPT 5.0: Dogs resemble their owners https://t.co/cqdNiR1JC7
mindmatters.ai
It’s no mystery why LLMs aren’t intelligent in any meaningful way. The real mystery is why so many otherwise intelligent people still take the claims seriously.
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