Professor stunned by ChatGPT's progress on economics test in 3 months

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Professor stunned by ChatGPT's progress on economics test in 3 months
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A professor says he's stunned that ChatGPT went from a D grade on his economics test to an A in just 3 months

An economics professor says he's stunned by the progress made by ChatGPT, which improved its score from a D to an A on his economics test in just three months.

, an economics professor at George Mason University, told Insider the latest version of ChatGPT could now be responsible for the first big bet he's ever lost.blog post on his Substack"Bet On It" in JanuaryCaplan says his exam questions are meant to test students' understanding of economics, rather than have them regurgitate the textbook or be seen as memory exercises.

It's here where the old version of ChatGPT tripped up. The bot scored 31/100 in his test, equivalent to a D and well below his 50% median. principle of comparative and absolute advantage"ChatGPT does a fine job of imitating a very weak GMU econ student," Caplan wrote in his withering January blog post., its professor said it made"surprising mistakes" on simple calculations.. He's previously placed 23 public bets and won them all.

He also narrowly won a 2008 bet that no member state would leave the European Union before 2020: the UK left in January of that year. So underwhelmed was he by ChatGPT's responses that Caplan bet an AI model wouldn't score an A on 6 out of 7 of his exams before 2029.

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