Initial response to the following key prompt: Choose a specific agricultural market. Discuss at least two externalities (either positive or negative) in this market. How would VBM help internalize (i.e., address the effects of) these externalities? Recall that an externality is the effect of one party’s action on others that is not reflected in the marketplace.
After you answer the questions on your own, find a generative artificial intelligence program online and input this query, “What are at least two externalities (positive or negative) in the [input your market here]? How would virtuous decision-making help internalize these externalities?”
Some of the better known AI platforms are Viso Suite, ChatGPT, Jupyter Notebooks, and Google Cloud AI. Or you could submit your own Google search for an alternative AI platform.
How to cite AI(new tab) with The American Psychological Association
McAdoo, T. (2024, February 23). How to cite ChatGPT. APA Style Blog. https://apastyle.apa.org/blog/how-to-cite-chatgpt.
How to cite AI(new tab) with Purdue University
Purdue University Libraries and School of Information Studies. (nd). How to Cite AI-Generated Content. LibGuide. https://guides.lib.purdue.edu/c.php?g=1371380&p=10135074.
Scan how the AI’s response is similar or different from your own response. Were you surprised by anything in the AI generated response?