Study suggests pawn loans compound the pain for many

Study suggests pawn loans compound the pain for many

Credit: AI-generated image Australia’s pawnbroking industry is too lightly regulated, harming vulnerable consumers and leaving them in greater financial distress, according to new research by the University of Melbourne. The work is available in the University of Queensland Law Journal. Melbourne Law School surveyed 1,472 consumers, including 582 who had used pawn loans, along with…

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GPT-4 Already Better Than Humans at Financial Forecasts, Modeling: Study

GPT-4 Already Better Than Humans at Financial Forecasts, Modeling: Study

OpenAI’s GPT-4 is better than humans at analyzing financial statements and making forecasts, according to a new study. “Even without any narrative or industry-specific information, the LLM outperforms financial analysts in its ability to predict earnings changes,” the study found. Trading strategies based on GPT-4 also delivered more profitable results than the stock market. Thanks…

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