We report on our test of the Large Language Model (LLM) ChatGPT (GPT) as a tool for generating evidence of the ordinary meaning of statutory terms, We explain why the most useful evidence for interpretation involves a distribution of replies rather than only what GPT regards as the single "best"...

Der Erfahrungsaustausch über gute Praxis ist eine Grundvoraussetzung für das Verständnis zwischen Mensch und Technik, welches dabei hilft, dem Menschen als strategischen Entscheider und Nutzer eine optimale Unterstützung zukommen zu lassen. Um der Frage nachzugehen, was gute Praxis im...

Abstract I contrast the “data fitting” vs “data interpreting” approaches to data science along three dimensions: Expediency, Transparency, and Explainability. “Data fitting” is driven by the faith that the secret to rational decisions lies in the data itself. In contrast, the...

A basic principle of economics is that people always prefer a larger set of opportunities. Money illusion can be considered as the phenomenon that people may not perceive correctly their budget constraints, and may act in ways that run counter to this preference. In this view money illusion is a...