Posts by admin

A.I. AND 4 PS

MGI (McKinsey Global Institute) writes that although being a hot topic for quite some time, as of today AI has...

NBER

Formidable intellectual firepower assembled here to study economics of A.I. and A.I. in economics. This draft book includes among many...

THE EQUALITY OF OPPORTUNITY PROJECT

Speaking about data and new approaches to applied economics. One of the most famous popularizers of the new ways we...

ABOUT ECONOMICS DATA PROBLEM

We already discussed here that modern economic statistics is to significant extent “unmodelable” due to low frequency, narrow coverage, methodological...

TEASER PREVIEW II

Interpretability is a weak spot of machine learning and AI that makes applying them to economic policy-making problematic. What if...

IS YOUR SOFTWARE RACIST?

Yet another important story from “If you give anything bad data, it’s going to give you a bad answer” book....

BIG DATA SOURCES AND METHODS FOR SOCIAL AND ECONOMIC ANALYSES

Here I open the discussion about key challenge of applying ML methods to social and economic problems. It’s quality and...

FACEBOOK’S NEW PROJECT

One more Politico story, this time of more relevance https://www.politico.com/story/2018/02/19/facebook-inequality-stanford-417093?cmpid=sf

LIGHT WEEKEND READING

Light weekend reading https://www.politico.eu/article/attack-killer-robots-autonomous-weapons-drones/?cmpid=sf

Does [vodka] predict [hangovers]?

Econometrics vs ML, economist angle: strengths, weaknesses, approaches. Good 101 presentation for computer science and ML guys. https://web.stanford.edu/class/ee380/Abstracts/140129-slides-Machine-Learning-and-Econometrics.pdf