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When Prediction Is Not Enough (with Teppo Felin)

EconTalk

Exploring Biases in Historical Data and Forward-Looking Mechanisms

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Historical biases can impact the output of large language models that are only trained on past data, leading to a lack of forward-looking mechanisms. In the case of Galileo proposing the heliocentric model, a language model trained on historical texts would parrot back the prevalent geocentric beliefs due to their frequency in historical data, showcasing confirmation bias. This highlights the importance of not solely relying on past biases but also embracing new data and perspectives to avoid overlooking valid information in favor of conventional wisdom.

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