It’s happening, economic science edition

 [[{“value”:”“Our contribution is to demonstrate that it is possible to create a system without human input at any step – to simulate the entire social science process.”  We’ve created a whole new method for doing economics, and a whole new way to model human behavior.  How often does that happen?  We don’t yet know how
The post It’s happening, economic science edition appeared first on Marginal REVOLUTION.”}]] 

Our contribution is to demonstrate that it is possible to create a system without human input at any step – to simulate the entire social science process.”  We’ve created a whole new method for doing economics, and a whole new way to model human behavior.  How often does that happen?  We don’t yet know how useful it will prove, but at the moment how many people even are noticing!?  That is from Benjamin S. Manning, Kehang Zhu, and John J. Horton, of MIT, Harvard, and MIT.  Worth a ponder, at the very least.

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