{"id":294,"date":"2025-03-27T05:16:52","date_gmt":"2025-03-27T05:16:52","guid":{"rendered":"https:\/\/blog.adlington.fr\/index.php\/2025\/03\/27\/why-llms-are-so-good-at-economics-marginal-revolution\/"},"modified":"2025-03-27T05:16:52","modified_gmt":"2025-03-27T05:16:52","slug":"why-llms-are-so-good-at-economics-marginal-revolution","status":"publish","type":"post","link":"https:\/\/blog.adlington.fr\/index.php\/2025\/03\/27\/why-llms-are-so-good-at-economics-marginal-revolution\/","title":{"rendered":"Why LLMs are so good at economics &#8211; Marginal REVOLUTION"},"content":{"rendered":"<blockquote><p>Good chains of reasoning in economics are not too long and complicated.&nbsp; If they run on for very long, there is probably something wrong with the argument.&nbsp; The length of these effective reasoning chains is well within the abilities of the top LLMs today.<\/p>\n<p>Plenty of good economics requires a synthesis of theoretical and empirical considerations.&nbsp; LLMs are especially good at synthesis.<\/p>\n<p>In economic arguments and explanations, there are very often multiple factors.&nbsp; LLMs are very good at listing multiple factors, sometimes they are \u201ctoo good\u201d at it, \u201caargh! not another list, bitte\u2026\u201d<br \/>\n\u2014 Read on <a href=\"https:\/\/marginalrevolution.com\/marginalrevolution\/2025\/03\/why-llms-are-so-good-at-economics.html\">marginalrevolution.com\/marginalrevolution\/2025\/03\/why-llms-are-so-good-at-economics.html<\/a><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Good chains of reasoning in economics are not too long and complicated.&nbsp; If they run on for very long, there is probably something wrong with the argument.&nbsp; The length of these effective reasoning chains is well within the abilities of the top LLMs today. Plenty of good economics requires a synthesis of theoretical and empirical [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-294","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/blog.adlington.fr\/index.php\/wp-json\/wp\/v2\/posts\/294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.adlington.fr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.adlington.fr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.adlington.fr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.adlington.fr\/index.php\/wp-json\/wp\/v2\/comments?post=294"}],"version-history":[{"count":0,"href":"https:\/\/blog.adlington.fr\/index.php\/wp-json\/wp\/v2\/posts\/294\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.adlington.fr\/index.php\/wp-json\/wp\/v2\/media?parent=294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.adlington.fr\/index.php\/wp-json\/wp\/v2\/categories?post=294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.adlington.fr\/index.php\/wp-json\/wp\/v2\/tags?post=294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}