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Algorithms learned from data are increasingly used for deciding many aspects in our life: from movies we see, to prices we pay, or medicine we get. Yet there is growing evidence that decision making by inappropriately trained algorithms may…

Artificial Intelligence · Computer Science 2017-08-03 Indre Zliobaite

Large language models (LLMs) enable researchers to analyze text at unprecedented scale and minimal cost. Researchers can now revisit old questions and tackle novel ones with rich data. We provide an econometric framework for realizing this…

Econometrics · Economics 2025-12-08 Jens Ludwig , Sendhil Mullainathan , Ashesh Rambachan

Machine learning is traditionally studied at the model level: researchers measure and improve the accuracy, robustness, bias, efficiency, and other dimensions of specific models. In practice, the societal impact of machine learning is…

Machine Learning · Computer Science 2024-04-04 Connor Toups , Rishi Bommasani , Kathleen A. Creel , Sarah H. Bana , Dan Jurafsky , Percy Liang

As models are getting larger and are trained on increasing amounts of data, there has been an explosion of interest into how we can ``delete'' specific data points or behaviours from a trained model, after the fact. This goal has been…

Understanding the business cycle is crucial for building economic stability, guiding business planning, and informing investment decisions. The business cycle refers to the recurring pattern of expansion and contraction in economic activity…

Machine Learning · Computer Science 2024-06-17 Elvys Linhares Pontes , Mohamed Benjannet , Raymond Yung

In the rapidly growing literature on explanation algorithms, it often remains unclear what precisely these algorithms are for and how they should be used. In this position paper, we argue for a novel and pragmatic perspective: Explainable…

Machine Learning · Computer Science 2025-06-17 Sebastian Bordt , Eric Raidl , Ulrike von Luxburg

A new and rapidly growing econometric literature is making advances in the problem of using machine learning methods for causal inference questions. Yet, the empirical economics literature has not started to fully exploit the strengths of…

General Economics · Economics 2021-01-05 Anna Baiardi , Andrea A. Naghi

Meta-learning, or "learning to learn," is a subfield of machine learning where the goal is to develop models and algorithms that can learn from various tasks and improve their learning process over time. Unlike traditional machine learning…

Machine Learning · Computer Science 2024-07-23 Mouad El Bouchattaoui

Statistical modeling is a powerful tool for developing and testing theories by way of causal explanation, prediction, and description. In many disciplines there is near-exclusive use of statistical modeling for causal explanation and the…

Methodology · Statistics 2011-01-06 Galit Shmueli

The last decade has seen a revolution in the theory and application of machine learning and pattern recognition. Through these advancements, variable ranking has emerged as an active and growing research area and it is now beginning to be…

Computer Vision and Pattern Recognition · Computer Science 2017-06-20 Giorgio Roffo

1. The popularity of Machine learning (ML), Deep learning (DL), and Artificial intelligence (AI) has risen sharply in recent years. Despite this spike in popularity, the inner workings of ML and DL algorithms are often perceived as opaque,…

Quantitative Methods · Quantitative Biology 2023-03-28 Maximilian Pichler , Florian Hartig

Empirical researchers increasingly use upstream machine-learning (ML) methods to construct proxies for latent target variables from complex, unstructured data. A naive plug-in use of such proxies in downstream econometric models, however,…

Econometrics · Economics 2026-04-14 Lixiong Li

We move beyond "Is Machine Learning Useful for Macroeconomic Forecasting?" by adding the "how". The current forecasting literature has focused on matching specific variables and horizons with a particularly successful algorithm. In…

Statistical and structural modeling represent two distinct approaches to data analysis. In this paper, we propose a set of novel methods for combining statistical and structural models for improved prediction and causal inference. Our first…

Econometrics · Economics 2020-06-11 Jiaming Mao , Jingzhi Xu

Machine learning (ML) methods are having a huge impact across all of the sciences. However, ML has a strong ontology - in which only the data exist - and a strong epistemology - in which a model is considered good if it performs well on…

Machine Learning · Statistics 2024-06-04 David W. Hogg , Soledad Villar

Machine learning can provide deep insights into data, allowing machines to make high-quality predictions and having been widely used in real-world applications, such as text mining, visual classification, and recommender systems. However,…

Machine Learning · Computer Science 2020-08-11 Meng Wang , Weijie Fu , Xiangnan He , Shijie Hao , Xindong Wu

For many years, researchers in psychology, education, statistics, and machine learning have been developing practical methods to improve learning speed, retention, and generalizability, and this work has been successful. Many of these…

Neural and Evolutionary Computing · Computer Science 2018-07-24 Aki Nikolaidis

Evolutionary Robotics and Robot Learning are two fields in robotics that aim to automatically optimize robot designs. The key difference between them lies in what is being optimized and the time scale involved. Evolutionary Robotics is a…

Robotics · Computer Science 2026-04-07 Fuda van Diggelen

Many automated system analysis techniques (e.g., model checking, model-based testing) rely on first obtaining a model of the system under analysis. System modeling is often done manually, which is often considered as a hindrance to adopt…

Software Engineering · Computer Science 2019-11-22 Jingyi Wang , Jun Sun , Qixia Yuan , Jun Pang

Machine learning methods are being increasingly applied in sensitive societal contexts, where decisions impact human lives. Hence it has become necessary to build capabilities for providing easily-interpretable explanations of models'…

Machine Learning · Computer Science 2021-04-13 Alfredo Carrillo , Luis F. Cantú , Luis Tejerina , Alejandro Noriega