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AI Gives Women Worse Investment Advice Than Men, Costing Them $59,890 by Retirement, Stanford and MIT Researchers Find
['Aj Tiarsmith', 'Wed', 'August', 'At Pm Gmt', 'Min Read']
Yahoo Finance
The authors do not assign a cause: it could be training-data bias or the model pricing in women's longer life expectancy.
A working paper circulating this summer quantifies a suspected problem: when women ask AI chatbots for investing help, they receive more cautious advice than men, with a compounding cost of real dollars.
Story ContinuesGood Advice, Delivered More CautiouslyThe models overall nudged users toward habits most financial planners would applaud: stock-market participation, age-declining equity allocations, cash buffers.
That's not something that should be taken for granted: It's not at all obvious LLMs would provide good financial advice, because the way they are trained has nothing to do with that objective."
De Silva warns: "The designers of these models are going to know that a lot of people are using these things for financial advice.