Economic and Financial Learning with Artificial Intelligence: A Mixed-Methods Study on ChatGPT
Project Overview
The document explores the integration of generative AI, particularly ChatGPT, in educational contexts, emphasizing its capacity to improve personalized learning through immediate feedback and adaptability. A study involving 102 participants indicated a notable enhancement in perceptions of ChatGPT following exposure, while also uncovering challenges associated with effective prompting and the accuracy of the information provided. Additionally, the document introduces the notion of 'AI-learning-competence,' underscoring the necessity for formal training and the pedagogical incorporation of AI tools within educational frameworks. Overall, the findings suggest that while generative AI holds promise for enriching educational experiences, careful attention must be given to training educators and ensuring the reliability of AI outputs.
Key Applications
ChatGPT as a learning tool
Context: Educational context involving diverse participants, including school students and university students.
Implementation: Mixed-methods approach with pre- and post-exposure questionnaires and interactive sessions with ChatGPT.
Outcomes: Positive shifts in user perceptions, improved competence in using ChatGPT, and enhanced enjoyment of learning experiences.
Challenges: Challenges in prompting effectiveness, information accuracy, and concerns about overreliance on AI.
Implementation Barriers
Technical Limitations
ChatGPT's text-only input/output limitations constrain its ability to process visual content.
Proposed Solutions: Use of plugins like 'Show Me' to bridge the gap in processing visual content.
Data Security and Academic Integrity
Concerns about user prompts potentially informing future model training and data privacy, as well as the use of ChatGPT to complete assignments, leading to questions of academic integrity.
Proposed Solutions: Implementing stricter data handling protocols and transparency about data usage, along with re-evaluating homework and assessment design to mitigate misuse.
Overreliance on AI
Concerns that reliance on AI tools may diminish cognitive abilities and independent thinking.
Proposed Solutions: Encouraging balanced use of AI tools alongside traditional educational methods.
Project Team
Holger Arndt
Researcher
Contact Information
For information about the paper, please contact the authors.
Authors: Holger Arndt
Source Publication: View Original PaperLink opens in a new window
Project Contact: Dr. Jianhua Yang
LLM Model Version: gpt-4o-mini-2024-07-18
Analysis Provider: Openai