Tag: Will Rogers phenomenon

The skill to dissect complex data, recognize patterns, and make logical decisions based on relationships and cause-effect.

^{Type
post

Gary Smith
Date
November 14, 2025

Categorized
Business and Finance, Large Language Models (LLMs)

Tagged
Causation vs. correlation, James Somers, Mutual funds and AI, Will Rogers phenomenon}

Illusions: No, Large Language Models Do Not Understand

_{A recent New Yorker article is mistaken about this. For one thing, the LLMs have trouble distinguishing between causation and mere correlation} _{Gary Smith
November 14, 2025

6

Business and Finance, Large Language Models (LLMs)}

A real-world example of such struggles is the poor performance, in general, of AI-powered mutual funds.