University of Rochester economist Steve Landsburg joins Bob to discuss the abysmal performance of ChatGPT on his undergraduate exam. They also discuss the importance of market prices in guiding behavior and the unexpected problems with the government handing out "free" goodies.

<b>Bob's article "Superman Needs an Agent:"&nbsp;&nbsp;<a href="https://Mises.org/HAP400a">Mises.org/HAP400a</a></b>

<b>Steven's Book <i>The Armchair Economist</i>: <a href="https://Mises.org/HAP400b">Mises.org/HAP400b</a></b>

<b>More Economic brainteasers: <a href="https://Mises.org/HAP400c">Mises.org/HAP400c</a></b>

 <h2 class="element-invisible"><a href="/files/why-chatgpt-failed-economics-exam">Why ChatGPT Failed an Economics Exam</a></h2> <div class="content"> <div class="media-youtube-video media-youtube-1"> <iframe class="media-youtube-player" width="100%" height="auto" title="Why ChatGPT Failed an Economics Exam" src="https://www.youtube.com/embed/41ifakk5TZA?wmode=opaque&amp;controls=0&amp;rel=0&amp;showinfo=0&amp;color=white" name="Why ChatGPT Failed an Economics Exam" frameborder="0" allowfullscreen="">Video of Why ChatGPT Failed an Economics Exam</iframe>
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University of Rochester economist Steve Landsburg joins Bob to discuss the abysmal performance of ChatGPT on his undergraduate exam. They also discuss the importance of market prices in guiding behavior and the unexpected problems with the government handing out "free" goodies.{ai:summary}<p>University of Rochester economist Steve Landsburg and Bob discuss ChatGPT's poor performance on an exam and the role of market prices in behavior. They also talk about problems with the government giving out "free" items. #economy</p><p>Bob's "Superman Needs an Agent" article and Steven's "The Armchair Economist" book are recommended, along with more economic puzzles. A video of ChatGPT failing an economics exam is also available. #education</p>

Why ChatGPT Failed an Economics Exam

Why ChatGPT Failed an Economics Exam

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