Using AI As a Real Estate Advisor? Beware of Confirmation Bias

About this episode

The episode discusses the implications of using AI, specifically ChatGPT, as a real estate advisor and the risks of confirmation bias.

In this episode we dive into an Instagram post by Ryan Serhant that starts with "ChatGPT blew up my $50 million deal". We use a lot of large language models to help us automate tasks, give us alternate scenarios that we may not be taking into consideration, but if you are using ChatGPT as a real estate advisor, you need to beware of confirmation bias. Large language models tend to confirm ideas and beliefs we already have so it is going to feed you the information you want to hear. A way to get over that is better prompts, uploading unbiased data or information and make sure you are not asking a question to assuage a fear or doubt you may have.

People in this episode

Hosts: Fernando Arencibia, Jr., Jennifer Wollmann

Topics covered

• AI in real estate
• confirmation bias
• large language models
• real estate advice
• automation in real estate

Keywords

• AI
• real estate
• ChatGPT
• confirmation bias
• large language models
• automation
• advisory

Mentioned in this episode

Products: ChatGPT

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