Showing 1 - 10 of 235
A key challenge for research on many questions in the social sciences is that it is difficult to link historical records in a way that allows investigators to observe people at different points in their life or across generations. In this paper, we develop a new approach that relies on millions...
Persistent link: https://www.econbiz.de/10012863272
Economics and ethics both offer important perspectives on our society, but they do so from two different viewpoints … – the central focus of economics is how the price system in our economy values resources; the central focus of ethics is the … moral evaluation of actions in our society. The rise of Artificial Intelligence (AI) forces humanity to confront new areas …
Persistent link: https://www.econbiz.de/10012865277
We characterize and demonstrate a solution method for an optimal commodity (sales) tax problem consisting of multiple goods, heterogeneous agents, and a nonconvex policy maker optimization problem. Our approach allows for more dimensions of heterogeneity than has been previously possible,...
Persistent link: https://www.econbiz.de/10013053844
New data-gathering techniques, often referred to as “Big Data” have the potential to improve statistics and empirical research in economics. In this paper we describe our work with online data at the Billion Prices Project at MIT and discuss key lessons for both inflation measurement and...
Persistent link: https://www.econbiz.de/10012995985
The last 40 years have seen huge innovations in computing technology and data availability. Data derived from millions of administrative records or by using (as we do) new methods of data generation such as text mining are now common. New data often requires new methods, which in turn can...
Persistent link: https://www.econbiz.de/10013309882
The solar industry in the US typically uses a credit score such as the FICO score as an indicator of consumer utility payment performance and credit worthiness to approve customers for new solar installations. Using data on over 800,000 utility payment performance and over 5,000 demographic...
Persistent link: https://www.econbiz.de/10012862419
Growing AI readership, proxied by expected machine downloads, motivates firms to prepare filings that are friendlier to …
Persistent link: https://www.econbiz.de/10013293707
This paper combines a data rich environment with a machine learning algorithm to provide new estimates of time …
Persistent link: https://www.econbiz.de/10014095817
We examine how machine learning can be used to improve and understand human decision-making. In particular, we focus on … a decision that has important policy consequences. Millions of times each year, judges must decide where defendants will … await trial—at home or in jail. By law, this decision hinges on the judge's prediction of what the defendant would do if …
Persistent link: https://www.econbiz.de/10012962719
This essay shows that government credit-allocation schemes generate incentive conflicts that undermine the quality of bank supervision and eventually produce banking crisis. For political reasons, most countries establish a regulatory culture that embraces three economically contradictory...
Persistent link: https://www.econbiz.de/10012772313