What is anthropomorphic AI behaviour, and why does it matter in investment research?

Explore how short-term investor horizons can drive stock prices away from fundamental value and contribute to market bubbles, based on a laboratory study.

Ask ChatGPT to analyze a stock and it will, without hesitation, give you an answer, a valuation, a summary of the balance sheet, a view on whether a company looks cheap or expensive. It reads confidently, it's well-written, and it's available instantly. For a growing number of investors, that's become the first stop before making a decision. The problem isn't that ChatGPT can't talk about stocks. It's that the confidence of the answer and the reliability of the answer are two