Wednesday, January 14, 2015

Are microeconomists data scientists?

From The Economist:

Armed with vast data sets produced by tech firms, microeconomists can produce startlingly good forecasts of human behaviour. Silicon Valley firms have grown to love them: by bringing a cutting-edge economist in house, they are able to predict what customers or employees are likely to do next.

 Sounds like data scientists to me. The article is here. There's a related piece here.

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