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Friday, April 15, 2016

Future of Economics in Machine Learning

Makes sense.  Both economics and machine learning are driven by pattern detection and re application.

 " .... Economists have largely preferred to act within their own field and interpretations. However, the rise of big data challenges, data analytics, and machine learning is beginning to change all that. In the summer of 2015, Susan Athey, a Professor of Economics of Technology at Stanford attracted a crowd of over 250 economists for a one-day instructive session on machine learning. In the article publinshed on Quora.com recounting the event, Athey stated that she thinks machine learning will have an “enormous impact” on the field of economics especially as economists learn to tailor their methodologies to include machine learning. .....  " 

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