The Limitations of Algorithms in Economics (Mullainathan and Spiess)

Details

Photo

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Name

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Field

Economics / Data science

Year

2017

Core idea in one line

Predictive algorithms are powerful but have structural blind spots economists shouldn’t ignore.

My take

Like having someone calmly unplug the hype machine while you’re staring at a dashboard full of suspiciously pretty ROC curves.

Good starting point for

Bridging econometrics brain and machine-learning brain without starting a civil war.