Economics

Prediction vs. Search Models: What Data Scientists Are Missing

As data scientists, we’ve turn out to be extremely focused on constructing algorithms, causal/predictive models, and advice systems (and now genAI). We optimize for accuracy, fine-tune hyperparameters, and search for the subsequent big fancy...

MIT Department of Economics to launch James M. and Cathleen D. Stone Center on Inequality and Shaping the Way forward for Work

Starting in July, MIT’s Shaping the Way forward for Work Initiative within...

Talking about Games

Game theory is a field of research that is sort of distinguished in Economics but relatively unpopular in other scientific disciplines. Nonetheless, the concepts utilized in game theory could be of interest to a...

The Economics of Artificial Intelligence, Causal Tools, ChatGPT’s Impact, and Other Holiday Reads

Feeling inspired to jot down your first TDS post before the tip of 2024? We’re at all times open to contributions from recent authors.Our guideline is that it’s never a foul time to learn...

What can we know in regards to the economics of AI?

For all of the speak about artificial intelligence upending the world, its...

The Economics of Generative AI

What’s the business model for generative AI, given what we all know today concerning the technology and the market?OpenAl has built certainly one of the fastest-growing businesses in history. It may additionally be certainly...

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