The Impact of Machine Learning on Economics

  title={The Impact of Machine Learning on Economics},
  author={Susan Athey},
  journal={The Economics of Artificial Intelligence},
  • S. Athey
  • Published 10 January 2018
  • Computer Science, Economics
  • The Economics of Artificial Intelligence
This paper provides an assessment of the early contributions of machine learning to economics, as well as predictions about its future contributions. It begins by briefly overviewing some themes from the literature on machine learning, and then draws some contrasts with traditional approaches to estimating the impact of counterfactual policies in economics. Next, we review some of the initial “off-the-shelf” applications of machine learning to economics, including applications in analyzing text… 

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