Jorda, Knoll, Kuvshinov, Schularick and Taylor deliver more than just a memorable title, "The Rate of Return on Everything, 1870-2015...
STILL MORE on NN's and ML
I recently discussed how the nonparametric consistency of wide NN's proved underwhelming, which is partly why econometricians lost inte...
Larry Brown
Larry Brown has passed away. Larry was a giant of modern statistics and a towering presence at Penn. Simultaneously, everyone who knew hi...
More on Neural Nets and ML
I earlier mentioned Matt Taddy's "The Technological Elements of Artificial Intelligence" (u ngated version here ). Among othe...
Neural Nets, ML and AI
"The Technological Elements of Artificial Intelligence", by Matt Taddy, is packed with insight on the development of neural nets ...
ML, Forecasting, and Market Design
Nice stuff from Milgrom and Tadelis. Improved forecasting via improved machine learning in turn helps improve our ability to design effectiv...
MPC yesterday - Bollywood Policemen & the Camel's Nose-ring
The MPC’s role yesterday was like that of the policemen who arrive at the climax of old Hindi movies, after the battered hero has singlehand...
Big Data, Machine Learning, and Economic Statistics
Greetings from a very happy Philadelphia celebrating the Eagles' victory! The following is adapted from the "background" and ...
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