It seems the main problem we are trying to solve with writing is communication of ideas in a coherant fashion.
There will be a few different types of Students using chatGPT. Those blatantly cheating and just turning in blindly these works.
Those who have a hard time putting their ideas to page, but when asked can talk through their ideas.
A third group may arise, those who cheat blatantly, but then parrot what they used.
What am I saying here though, oral exams will separate these groups. Identifying what group the pupil is in helps understand how to actually help them progress.
My bias for this idea comes from my mother is a retired college professor and gave oral exams for two decades with large success in weeding out those who couldn't formulate ideas of their own.
I am not sure you understand my question / hypothetical. A bank is not the only form of a lender first off, second the reason there isn't a 100% loan on an equity is that it's understood that the value of the underlying collateral can fluctuate. These are called over collateralized loans.
Posting this comment will be like farting into a hurricane, but here goes.
Company like Facebook has a serious problem and their stock drops ... precipitously. CEO of said company instead of selling their equity in their company has taken out loans against their equity in order to decrease their tax burden and cash in on the value of their equity.
What amount of decrease would cause a margin call from lenders for the forced sale of said equity and subsequently the loss of majority stake in their own company? Now obviously only the lenders know this information and assuming I have the rough order of operations correct.
Could this be a potential chink in the armor of founders / CEOs / anyone who takes out low interest loans against the equity they hold in their company? Maybe my understanding of this is too simplified.
There will be a few different types of Students using chatGPT. Those blatantly cheating and just turning in blindly these works.
Those who have a hard time putting their ideas to page, but when asked can talk through their ideas.
A third group may arise, those who cheat blatantly, but then parrot what they used.
What am I saying here though, oral exams will separate these groups. Identifying what group the pupil is in helps understand how to actually help them progress.
My bias for this idea comes from my mother is a retired college professor and gave oral exams for two decades with large success in weeding out those who couldn't formulate ideas of their own.