Showing 1 - 10 of 231
providing a particular set of tasks - prediction tasks. Prediction about uncertain states of the world is an input into decision … could also increase the variance of outcomes as well. We consider the role of human judgment in decision-making as … decisions to machines even when the decision would be superior with human input …
Persistent link: https://www.econbiz.de/10012453093
. In this paper, we explore the consequences of improved prediction in decision-making. To do so, we adapt existing models … of decision-making under uncertainty to account for the process of determining payoffs. We label this process of … on whether the improvements in prediction enable automated decision-making. We discuss the implications of improved …
Persistent link: https://www.econbiz.de/10012453471
We study the impact of AI on labor markets, using establishment level data on vacancies with detailed occupational information comprising the near-universe of online vacancies in the US from 2010 onwards. We classify establishments as "AI exposed" when their workers engage in tasks that are...
Persistent link: https://www.econbiz.de/10012482476
This paper provides direct empirical evidence on the relationship between technology and firms' global sourcing strategies. Using new data on U.S. firms' decisions to contract for manufacturing services from domestic or foreign suppliers, I show that a firm's adoption of communication technology...
Persistent link: https://www.econbiz.de/10012456129
safety indicators (PSIs). We find evidence of a positive impact of EMRs on PSIs via decision support rather than care … coordination. Consistent with this mechanism, we find an EMR with decision support is more effective at reducing PSIs for less …
Persistent link: https://www.econbiz.de/10012457279
Does adoption of broadband internet in firms enhance labor productivity and increase wages? And is this technological change skill biased or factor neutral? We exploit rich Norwegian data to answer these questions. A public program with limited funding rolled out broadband access points, and...
Persistent link: https://www.econbiz.de/10012457840
We examine the relationship between the adoption of EMR and hospital operating costs. We first identify a puzzle that has been seen in prior studies: Adoption of EMR is associated with a slight cost increase. We draw on the literature on IT and productivity to demonstrate that the average effect...
Persistent link: https://www.econbiz.de/10012460379
We show, using machine learning, that fund characteristics can consistently differentiate high from low-performing mutual funds, as well as identify funds with net-of-fees abnormal returns. Fund momentum and fund flow are the most important predictors of future risk-adjusted fund performance,...
Persistent link: https://www.econbiz.de/10012938692
General purpose technologies (GPTs) push out the production possibility frontier and are of strategic importance to managers and policymakers. While theoretical models that explain the characteristics, benefits, and approaches to create and capture value from GPTs have advanced significantly,...
Persistent link: https://www.econbiz.de/10012938736
I examine the specialization of US commuting zones in AI-related occupations over the 2000 to 2018 period. I define AI-related jobs based on keywords in Census occupational titles. Using the approach in Lin (2011) to identify new work, I measure job growth related to AI by weighting employment...
Persistent link: https://www.econbiz.de/10012510549