Journal of Information Systems Engineering and Management

Incorporating Financial Knowledge with ChatGPT to Make Informed Investment Decisions
Ali Hameed Hindi Al-Ali 1 * , Sarah S. Sarhan Al-Ruaziq 1, Ghassan Rashad Abdulhameed 1
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1 Faculty of Administration and Economics, University of Kufa, Najaf, Iraq
* Corresponding Author
Research Article

Journal of Information Systems Engineering and Management, 2024 - Volume 9 Issue 1, Article No: 25083
https://doi.org/10.55267/iadt.07.14512

Published Online: 31 Jan 2024

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How to cite this article
APA 6th edition
In-text citation: (Al-Ali et al., 2024)
Reference: Al-Ali, A. H. H., Al-Ruaziq, S. S. S., & Abdulhameed, G. R. (2024). Incorporating Financial Knowledge with ChatGPT to Make Informed Investment Decisions. Journal of Information Systems Engineering and Management, 9(1), 25083. https://doi.org/10.55267/iadt.07.14512
Vancouver
In-text citation: (1), (2), (3), etc.
Reference: Al-Ali AHH, Al-Ruaziq SSS, Abdulhameed GR. Incorporating Financial Knowledge with ChatGPT to Make Informed Investment Decisions. J INFORM SYSTEMS ENG. 2024;9(1):25083. https://doi.org/10.55267/iadt.07.14512
AMA 10th edition
In-text citation: (1), (2), (3), etc.
Reference: Al-Ali AHH, Al-Ruaziq SSS, Abdulhameed GR. Incorporating Financial Knowledge with ChatGPT to Make Informed Investment Decisions. J INFORM SYSTEMS ENG. 2024;9(1), 25083. https://doi.org/10.55267/iadt.07.14512
Chicago
In-text citation: (Al-Ali et al., 2024)
Reference: Al-Ali, Ali Hameed Hindi, Sarah S. Sarhan Al-Ruaziq, and Ghassan Rashad Abdulhameed. "Incorporating Financial Knowledge with ChatGPT to Make Informed Investment Decisions". Journal of Information Systems Engineering and Management 2024 9 no. 1 (2024): 25083. https://doi.org/10.55267/iadt.07.14512
Harvard
In-text citation: (Al-Ali et al., 2024)
Reference: Al-Ali, A. H. H., Al-Ruaziq, S. S. S., and Abdulhameed, G. R. (2024). Incorporating Financial Knowledge with ChatGPT to Make Informed Investment Decisions. Journal of Information Systems Engineering and Management, 9(1), 25083. https://doi.org/10.55267/iadt.07.14512
MLA
In-text citation: (Al-Ali et al., 2024)
Reference: Al-Ali, Ali Hameed Hindi et al. "Incorporating Financial Knowledge with ChatGPT to Make Informed Investment Decisions". Journal of Information Systems Engineering and Management, vol. 9, no. 1, 2024, 25083. https://doi.org/10.55267/iadt.07.14512
ABSTRACT
The present paper aims to assess the potential of AI technologies, such as ChatGPT, in the field of finance, by incorporating financial knowledge with ChatGPT to facilitate informed investment decisions. The research was designed based on the empirical study method, which tests hypotheses regarding the impact of financial knowledge within ChatGPT across three levels: Normal Financial Knowledge, Experienced Financial Knowledge, and Profound Financial Knowledge. These levels serve as independent variables, while informed investment decisions represent the dependent variable. Based on the case study method, this research is designed to provide empirical evidence regarding the integration of financial knowledge with ChatGPT to facilitate informed investment decisions. It employs artificial intelligence systems as the study population, with a sample consisting of ninety tested cases conducted on the ChatGPT platform using the purposive sampling technique. The data collected is in the form of documentary data resulting from direct testing by researchers through inquiries posed to ChatGPT on the OpenAI website. The study's most significant findings highlight ChatGPT's inability to provide equal opportunities for users, particularly for those requiring financial literacy. Consequently, not all users can make informed investment decisions. Therefore, the study suggests the necessity of enhancing certain aspects of ChatGPT. This could include incorporating mathematical equations and tables, along with offering users multiple response options for each question posed. This research can be the first local empirical research to evaluate AI technologies by incorporating financial knowledge with ChatGPT to make informed investment decisions.
KEYWORDS
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