Why do people trust ChatGPT with financial decisions more than transparent algorithms?

The trust gap between transparent algorithms and AI models like ChatGPT may stem from the perceived objectivity and expertise associated with AI. Users may trust ChatGPT due to its ability to provide human-like responses and contextual understanding, despite knowing its potential biases. In contrast, transparent algorithms may be seen as lacking the nuance and adaptability of AI models. To bridge this gap, it's essential to educate users about the benefits and limitations of both approaches and provide a clear understanding of how the algorithms work.