? (2) Is it reachable through a decentralized algorithm? (3) What welfare properties does it possess? We prove that a … allocation achieved via sequential pairwise trades, but lends only weak support to the dynamic algorithm itself …

We introduce an algorithm for solving dynamic economic models that merges stochastic simulation and projection … support of the ergodic measure roughly uniformly. The proposed algorithm is tractable in problems with high dimensionality …

algorithm in terms of model complexity or the number of predictors to accommodate. Each firm then appoints a data analyst that … uses the chosen algorithm to estimate demand for multiple consumer segments, based on which, it devises a targeting policy …

volume of data available. Yet comparing the algorithm to the judge proves complicated. First, the data are themselves … set of preferences than the single variable that the algorithm focuses on; for instance, judges may care about racial … well. In addition, by focusing the algorithm on predicting judges' decisions, rather than defendant behavior, we gain some …

You May Know (people choose friends fairly deliberately). We find significant out-group bias in the News Feed algorithm (e … detectable bias in the PYMK algorithm. Together, these results suggest a need to rethink how large-scale algorithms use data on …