{"id":15557,"date":"2015-09-02T11:34:44","date_gmt":"2015-09-02T16:34:44","guid":{"rendered":"http:\/\/bucktownbell.com\/?p=15557"},"modified":"2015-09-02T11:34:44","modified_gmt":"2015-09-02T16:34:44","slug":"economics-has-a-math-problem","status":"publish","type":"post","link":"http:\/\/bucktownbell.com\/?p=15557","title":{"rendered":"Economics Has a Math Problem"},"content":{"rendered":"<blockquote><p>Their overview stated that machine learning techniques emphasized causality less than traditional economic statistical techniques, or what&#8217;s usually known as econometrics. In other words, machine learning is more about forecasting than about understanding the effects of policy.<\/p>\n<p>That would make the techniques less interesting to many economists, who are usually more concerned about giving policy recommendations than in making forecasts.<\/p><\/blockquote>\n<p>Source: <em><a href=\"http:\/\/www.bloombergview.com\/articles\/2015-09-01\/economics-has-a-math-problem\">Economics Has a Math Problem &#8211; Bloomberg View<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Their overview stated that machine learning techniques emphasized causality less than traditional economic statistical techniques, or what&#8217;s usually known as econometrics. In other words, machine learning is more about forecasting than about understanding the effects of policy. That would make &hellip; <a href=\"http:\/\/bucktownbell.com\/?p=15557\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[737],"tags":[532,475,589,1227],"class_list":["post-15557","post","type-post","status-publish","format-standard","hentry","category-stem","tag-analytics","tag-big-data","tag-economics","tag-statistics"],"_links":{"self":[{"href":"http:\/\/bucktownbell.com\/index.php?rest_route=\/wp\/v2\/posts\/15557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/bucktownbell.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/bucktownbell.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/bucktownbell.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/bucktownbell.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15557"}],"version-history":[{"count":1,"href":"http:\/\/bucktownbell.com\/index.php?rest_route=\/wp\/v2\/posts\/15557\/revisions"}],"predecessor-version":[{"id":15558,"href":"http:\/\/bucktownbell.com\/index.php?rest_route=\/wp\/v2\/posts\/15557\/revisions\/15558"}],"wp:attachment":[{"href":"http:\/\/bucktownbell.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/bucktownbell.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15557"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/bucktownbell.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}