This beautifully written article by Annie Liang synthesizes the important work that has emerged on the use of machine learning in economic modelling. A very exciting new horizon.
AEA Journals (@AEAjournals)
Forthcoming in the JEL: "Using Machine Learning to Generate, Clarify, and Improve Economic Models" by Annie Liang. aeaweb.org/articles?id=10.12…
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Using Machine Learning to Generate, Clarify, and Improve Economic Models
(Forthcoming Article) - This article examines how machine learning and other computational techniques can contribute to the development of economic models. First, comparing economic models to...
aeaweb.org
— https://nitter.net/AEAjournals/status/2082119376350621711#m