Abstract
ChatGPT, a language-learning model chatbot, has garnered considerable attention for its ability to respond to users’ questions. Using data from 14 countries and 186 institutions, we compare ChatGPT and student performance for 28,085 questions from accounting assessments and textbook test banks. As of January 2023, ChatGPT provides correct answers for 56.5 percent of questions and partially correct answers for an additional 9.4 percent of questions. When considering point values for questions, students significantly outperform ChatGPT with a 76.7 percent average on assessments compared to 47.5 percent for ChatGPT if no partial credit is awarded and 56.5percent if partial credit is awarded. Still, ChatGPT performs better than the student average for 15.8 percent of assessments when we include partial credit. We provide evidence of how ChatGPT performs on different question types, accounting topics, class levels, open/closed assessments, and test bank questions. We also discuss implications for accounting education and research.
| Original language | English |
|---|---|
| Pages (from-to) | 81-108 |
| Number of pages | 28 |
| Journal | Issues in Accounting Education |
| Volume | 38 |
| Issue number | 4 |
| DOIs | |
| State | Published - Nov 2023 |
Keywords
- GPT-3
- accounting education
- artificial intelligence
- assessment
- chat bots
- crowdsourcing
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In: Issues in Accounting Education, Vol. 38, No. 4, 11.2023, p. 81-108.
Research output: Contribution to journal › Article › peer-review
TY - JOUR
T1 - The ChatGPT Artificial Intelligence Chatbot
T2 - How Well Does It Answer Accounting Assessment Questions?
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N1 - Publisher Copyright: © 2023, American Accounting Association. All rights reserved.
PY - 2023/11
Y1 - 2023/11
N2 - ChatGPT, a language-learning model chatbot, has garnered considerable attention for its ability to respond to users’ questions. Using data from 14 countries and 186 institutions, we compare ChatGPT and student performance for 28,085 questions from accounting assessments and textbook test banks. As of January 2023, ChatGPT provides correct answers for 56.5 percent of questions and partially correct answers for an additional 9.4 percent of questions. When considering point values for questions, students significantly outperform ChatGPT with a 76.7 percent average on assessments compared to 47.5 percent for ChatGPT if no partial credit is awarded and 56.5percent if partial credit is awarded. Still, ChatGPT performs better than the student average for 15.8 percent of assessments when we include partial credit. We provide evidence of how ChatGPT performs on different question types, accounting topics, class levels, open/closed assessments, and test bank questions. We also discuss implications for accounting education and research.
AB - ChatGPT, a language-learning model chatbot, has garnered considerable attention for its ability to respond to users’ questions. Using data from 14 countries and 186 institutions, we compare ChatGPT and student performance for 28,085 questions from accounting assessments and textbook test banks. As of January 2023, ChatGPT provides correct answers for 56.5 percent of questions and partially correct answers for an additional 9.4 percent of questions. When considering point values for questions, students significantly outperform ChatGPT with a 76.7 percent average on assessments compared to 47.5 percent for ChatGPT if no partial credit is awarded and 56.5percent if partial credit is awarded. Still, ChatGPT performs better than the student average for 15.8 percent of assessments when we include partial credit. We provide evidence of how ChatGPT performs on different question types, accounting topics, class levels, open/closed assessments, and test bank questions. We also discuss implications for accounting education and research.
KW - GPT-3
KW - accounting education
KW - artificial intelligence
KW - assessment
KW - chat bots
KW - crowdsourcing
UR - https://www.scopus.com/pages/publications/85166407026
U2 - 10.2308/ISSUES-2023-013
DO - 10.2308/ISSUES-2023-013
M3 - Article
AN - SCOPUS:85166407026
SN - 0739-3172
VL - 38
SP - 81
EP - 108
JO - Issues in Accounting Education
JF - Issues in Accounting Education
IS - 4
ER -