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Does ChatGPT provide better advice than robo-advisors?
16 references·10 citing·54 second hopsampled
Does ChatGPT provide better advice than robo-advisors? (2023)Does ChatGPT provide better advice than r…The risks of using ChatGPT to obtain common safety-related information and advice (2023)The risks of using ChatGPT to…Bloated Disclosures: Can ChatGPT Help Investors Process Information? (2023)Bloated Disclosures: Can Chat…Investor Characteristics and their Impact on the Decision to use a Robo-advisor (2021)Investor Characteristics and …The Promises and Pitfalls of Robo-Advising (2019)The Promises and Pitfalls of …The Misguided Beliefs of Financial Advisors (2017)The Misguided Beliefs of Fina…Retail Financial Advice: Does One Size Fit All? (2017)Retail Financial Advice: Does…Financial literacy, financial advice, and financial behavior (2017)Financial literacy, financial…How should individual investors diversify? An empirical evaluation of alternative asset allocation policies (2013)How should individual investo…Depression Babies: Do Macroeconomic Experiences Affect Risk Taking?* (2011)Depression Babies: Do Macroec…Luck versus Skill in the Cross‐Section of Mutual Fund Returns (2010)Luck versus Skill in the Cros…Misselling through Agents (2009)Misselling through AgentsPresidential Address: The Cost of Active Investing (2008)Presidential Address: The Cos…Small worlds: Modeling attitudes toward sources of uncertainty (2007)Small worlds: Modeling attitu…Anomalies: The Equity Premium Puzzle (1997)Anomalies: The Equity Premium…Ambiguity Aversion and Comparative Ignorance (1995)Ambiguity Aversion and Compar…The equity premium: A puzzle (1985)The equity premium: A puzzleEvolution of Robo‐Advisors: A Literature Review and Future Research Agenda (2025)Evolution of Robo‐Advisors: A…Emerging technologies in finance: challenges for a sustainable finance (2025)Emerging technologies in fina…AT-FinGPT: Financial risk prediction via an audio-text large language model (2025)AT-FinGPT: Financial risk pre…Artificial intelligence attitudes and resistance to use robo-advisors: exploring investor reluctance toward cognitive financial systems (2025)Artificial intelligence attit…The emerging field of Robo Advisor: A relational analysis (2024)The emerging field of Robo Ad…Robo-advisors: A systematic literature review (2024)Robo-advisors: A systematic l…Investors’ willingness to use robo-advisors: Extrapolating influencing factors based on the fiduciary duty of investment advisors (2024)Investors’ willingness to use…Digital twin-based cyber-physical manufacturing systems, extended reality metaverse enterprise and production management algorithms, and Internet of Things financial and labor market technologies in generative artificial intelligence economics (2024)Digital twin-based cyber-phys…ChatGPT and the banking business: Insights from the US stock market on potential implications for banks (2024)ChatGPT and the banking busin…Can ChatGPT improve investment decisions? From a portfolio management perspective (2024)Can ChatGPT improve investmen…Efficient Capital Markets: II (1991)Advances in prospect theory: Cumulative representation of uncertainty (1992)Chapter 20 Human behavior and the efficiency of the financial system (1999)Stock price volatility and equity premium (2001)Behavioral finance and asset prices: Where do we stand? (2003)Risk, Ambiguity, and the Savage Axioms (1961)A theory of anticipated utility (1982)Prospect theory: An analysis of decision under risk (1988)"Coherent Arbitrariness": Stable Demand Curves Without Stable Preferences (2003)Chapter 18 A survey of behavioral finance (2003)Experimental methods: Between-subject and within-subject design (2011)Strategic Information Transmission (1982)Equilibrium Unemployment as a Worker Discipline Device (1986)Multitask Principal–Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design (1991)Financial advisors: A case of babysitters? 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References

  • 1985The equity premium: A puzzle5,785 cited
  • 2011Depression Babies: Do Macroeconomic Experiences Affect Risk Taking?*2,479 cited
  • 2010Luck versus Skill in the Cross‐Section of Mutual Fund Returns1,781 cited
  • 1995Ambiguity Aversion and Comparative Ignorance1,055 cited
  • 2008Presidential Address: The Cost of Active Investing862 cited
  • 2019The Promises and Pitfalls of Robo-Advising506 cited
  • 2017Financial literacy, financial advice, and financial behavior472 cited
  • 2009Misselling through Agents386 cited
  • 2017Retail Financial Advice: Does One Size Fit All?311 cited
  • 1997Anomalies: The Equity Premium Puzzle282 cited
  • 2017The Misguided Beliefs of Financial Advisors230 cited
  • 2007Small worlds: Modeling attitudes toward sources of uncertainty203 cited
  • 2013How should individual investors diversify? An empirical evaluation of alternative asset allocation policies155 cited
  • 2023The risks of using ChatGPT to obtain common safety-related information and advice148 cited
  • 2023Bloated Disclosures: Can ChatGPT Help Investors Process Information?92 cited
  • 2021

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Investor Characteristics and their Impact on the Decision to use a Robo-advisor
82 cited

Cited by

  • 2024Can ChatGPT improve investment decisions? From a portfolio management perspective82 cited
  • 2024Digital twin-based cyber-physical manufacturing systems, extended reality metaverse enterprise and production management algorithms, and Internet of Things financial and labor market technologies in generative artificial intelligence economics59 cited
  • 2024Robo-advisors: A systematic literature review51 cited
  • 2024Investors’ willingness to use robo-advisors: Extrapolating influencing factors based on the fiduciary duty of investment advisors37 cited
  • 2024ChatGPT and the banking business: Insights from the US stock market on potential implications for banks30 cited
  • 2025AT-FinGPT: Financial risk prediction via an audio-text large language model28 cited
  • 2025Emerging technologies in finance: challenges for a sustainable finance26 cited
  • 2024The emerging field of Robo Advisor: A relational analysis23 cited
  • 2025Evolution of Robo‐Advisors: A Literature Review and Future Research Agenda16 cited
  • 2025Artificial intelligence attitudes and resistance to use robo-advisors: exploring investor reluctance toward cognitive financial systems12 cited