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Cancelled : François-Pierre Paty (CREST) – “Novel Optimal Transport Models and their Application in Labor Economics”
Statistics-Econometrics-Machine Learning Seminar.
Time: 2:00 pm – 3:00 pm
Date: 26th of january 2022
François-Pierre Paty (CREST) – “Novel Optimal Transport Models and their Application in Labor Economics”
Abstract : : Optimal transport (OT) has been applied to economics since at least the mid 20th century. Taking the matching between firms and workers on the labor market as a guiding example, I will give a general introduction to OT before introducing novel OT tools that are well suited to model this problem. I will insist on the algorithmic side and show some simulations. The goal of this talk is twofold: for statisticians and machine learners, you will learn about very recent OT models that are still to be studied mathematically and applied outside of economics ; for economists, sociologists and people in finance, you will learn about OT and how you can use it and revisit it to model complex systems and behaviors. The talk does not require any prior knowledge on optimal transport or economics.