...Lindsey: Okay, that's a good answer. In your new book, GOAT, which we'll talk about more later, one of the criteria you use for judging great economists is that they can't have been too wrong about too many things. What's an important thing that you now think you were dead wrong about?
Cowen: Well, there's so many things. It's hard to know where to start. But for instance, in 2007, early part of 2008, I definitely thought the banking system was solvent. That was wrong. I then thought it was the result of a real estate bubble. Everyone leapt on that bandwago
Enjoyed the story.
I thought it would be a good case study to see how well the different LLMs can interpret fiction outside of their training data, so I pasted it into ChatGPT 5.4 Thinking Extended, Claude Opus 4.6 Extended, and Gemini 3.1 Pro Preview (thinking setting=high), and gave each of them the prompt: "Analyze / summarize this short story in depth:"
Responses are here (in pastebin): ChatGPT, Claude, Gemini
I thought Gemini's was the best overall, but they each missed / didn't understand several important elements of the story (assuming my interpretat... (read more)