Freitag, 2. Mai 2014

Econometrics vs Machine Learning

Machine learning (in particular deep learning) is currently a hot topic in CS and the social sciences because it can uncover reularities in large, high-dimensional datasets (and it really seems to work).

What is the relationship between machine learning and econometrics? I highly recommend two recent talks.
  1. Hal Varian: Machine Learning and Econometrics (Youtube)