Yulia Slavina

Chatbots can persuade people to buy index funds, Valerie Baldinger finds

Chatbots can persuade people to buy index funds, Valerie Baldinger finds
Chatbots influence index fund decisions

A new job market paper by NYU Stern student Valerie Baldinger finds that a chatbot can achieve what 50 years of lectures by financial economists have not, persuading people to buy index funds.

Arpit Gupta shared this finding, highlighting the potential of technology in influencing financial decisions.

Gupta has previously highlighted risks in financial markets, such as describing crypto as a dark forest with ongoing hacking concerns. He has also examined mortgage market efficiency, suggesting the removal of prepayment options to reduce high mortgage spreads. These analyses reflect Gupta's broader focus on mechanisms that influence financial decision-making.

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