Like everyone else, I have been captivated by the capability of the ChatGPT AI. I have been trying to think through the potential uses in my work. For controversial development projects or public policies we often have public hearings at which hundreds of people provide comments. Even with a transcript of the comments, it [...]
This paper identifies an emerging structural logic of the financial system under which investment decisions are made by a network that relies on previous transactions as the main source for information about credit quality.