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Pablo WINANT (PSE) “Will Artificial Intelligence Replace Computational Economists Any Time Soon?”

May 27, 12:15 pm - 1:30 pm

Time: 12:15pm – 13:30 pm
Date: 27th of Mai 2019
Place: Room 3001

Pablo WINANT (PSE) “Will Artificial Intelligence Replace Computational Economists Any Time Soon?”

Abstract : It is standard to assume in economics that economic agents have unlimited computational capacities to solve rational expectations models. In turn, computational economists solve such models by designing sophisticated numerical algorithms that require substantial computer power. In this paper, we ask whether a generic artificial intelligence (AI) algorithm is capable of replacing computational economists so that there is no need to write model-specific code. We address this question in the context of the stylized consumption-saving problem with borrowing constraints. We show how to cast such a problem into the form suitable for AI, and we solve it with standard AI software, namely, Google’s TensorFlow library.”

Details

Date:
May 27
Time:
12:15 pm - 1:30 pm
Event Categories:
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Organizers

Edouard CHALLE
Julien PRAT