After years of research, two months until launch! Pre-orders now available for our new book “Power & Prediction: The Disruptive Economics of Artificial Intelligence”. Please take a few minutes today if you plan to buy. . Thank you!
@joshgans
@professor_ajay
Do we want less automation? In a new article in
@ScienceMagazine
, Ajay, Joshua, and I argue that AI automation may reverse the skill-biased technical change of the past few decades. And a focus on human augmentation may increase inequality.
Thrilled that Prediction Machines appears on the Economist's five best books to understand AI. Also includes a nice plug for the research behind our forthcoming book "Power and Prediction".
@professor_ajay
@joshgans
Collusion by Algorithm is harder than is seems.
@ce_tucker
and Jeanine Miklos-Thal show that better prediction increases temptations to deviate for colluding firms.
The Financial Times recommends Power & Prediction as "what to read this month". In their words, this "thought-provoking book sketches out how this new economic revolution might unfold."
Really excited to share the news that I passed my PhD dissertation defense today!!! Fortunate to work under
@avicgoldfarb
’s supervision at
@rotmanschool
! Looking forward to the future journey
@Baruch_Zicklin
:)
Forthcoming paper in Management Science: Quantum Economic Advantage. We build a formal economic model to examine when a quantum computer would be commercially viable, even if quantum advantage proves elusive. with
@rgmelko
and Francesco Bova.
Know recent or soon-to-graduate PhDs interested in research at the intersection of economics and quantum? I'm looking for a postdoc. Either economics or quantum computing background.
Hey
#quantmarketingtwitter
. I'm about to update my Intro to quant marketing PhD syllabus. What are the most important new ideas in the quant marketing literature from 2022? Old syllabus here:
Vilma Todri's paper on ad blockers. It shows that consumers with ad blockers try fewer new brands. In this way, it answers the classic economics of ads question of whether advertising is informative.
@vtodri
Ever tweet about your airline? Forthcoming paper with
@joshgans
@maralederman
applies Albert Hirschman's Exit Voice and Loyalty to the airline industry. Tweets as relational contracts.
Consumer protection & Marketing Science. Proud to have edited a new special issue with Ginger Jin and
@ksudhir1
. Joint project
@FTC
&
@MarketngScience
.
One week until launch! The Power and Prediction book tour continues in Seattle. Visited
@creativedlab
Seattle yesterday and the
@business_econ
NABE-TEC conference today. Uber tomorrow then home!
Ajay, Joshua, and I will teach a short executive program for senior leadership to develop their AI strategy. Sept. 19-20 in Toronto. An innovative joint effort between Rotman Executive Programs and the Creative Destruction Lab.
@rotmanschool
@creativedlab
Just out yesterday: Exit, Tweets, and Loyalty. "We use data on 4 million tweets to or about US airlines to study the relationship between quality, voice, and market structure."
Why Artificial Intelligence Increases the Importance of Humans in War. A thread on a paper released today in
@Journal_IS
with political scientist
@jonrlindsay
.
PhD Student Workshop in the Economics of Digitization. March 21-23 at Stanford. Application deadline Nov. 16. Speakers: Matthew Gentzkow, Dina Mayzlin, Shane Greenstein, Joel Waldfogel. .
@dmayzlin
@JWaldfogel
How much do we need to get paid to give up Facebook and other online services?
@erikbryn
@avi_gan
and Felix Eggers run a massive online experiment to find out.
Academics are one of the biggest groups using the
#TwitterAPI
to research what’s happening. Their work helps make the world (& Twitter) a better place, and now more than ever, we must enable more of it.
Introducing 🥁 the Academic Research product track!
Students often "accept" AI/ML (with the zeal of the convert, forgetting everything from econometrics), while some professors just "reject" it as irrelevant. Here's the third way:
The second economics of quantum information technology conference will take place in October 2024. Deadline May 30. Now is a good time to get going on that paper!
A really fun & thought-provoking past 2 days at the
@nberpubs
Economics of AI conference
Kudos to
@avicgoldfarb
@joshgans
@professor_ajay
&
@ce_tucker
for designing such an innovative virtual conference - it was *almost* as if it wasn't virtual
Some key learnings from Day 1:
CDL launches its 10th global location in partnership with
@UW
and
@UWFosterSchool
in Seattle.
#CDLSeattle
's focus on computational health is well suited to the strengths of UW and of the region in terms of computing, medicine, and life sciences.
System solutions with ChatGPT.
@professor_ajay
,
@joshgans
, and I interpret the advances from
@OpenAI
through the lens of our new book Power & Prediction.
October conference announcement:
@MarketngScience
and
@FTC
are co-organizing our 2nd conference on Marketing and Consumer Protection. Submission deadline July 31.
Great day at
#SummitOnAI2022
at U Chicago. Talking about Prediction & Power and learning from scholars across comp sci, English, philosophy, etc. Just one month until launch day!
We have launched a new program at the CDL for science-based solutions to public health and economic recovery challenges from COVID-19. Accepting applications now. Please share with your networks.
CDL launches Rapid Response Innovation Program:
#CDLRecovery
.
CDL Recovery will rapidly transform technological innovations into useful products & services that address public health and economic recovery challenges created by the global COVID-19 crisis.
Call for Papers to Behavioral IO and Marketing Symposium
Submission deadline: February 15
Conference: May 19-20
Committee: Wilfred Amaldoss, Tony Cui,
@alinaferecatu
,
@AvnerShlain
and
@yesimorhun
More details at:
Great readings for my marketing PhD course on branding, sales, search, policy, etc (and my chapter w Catherine Tucker on digital marketing). Handbook of the Economics of Marketing - 1st Edition
General Purpose Technologies drive long term economic growth. We find that ML/AI has many of the characteristics of a GPT, as laid out in Bresnahan & Trajtenberg.
A study using job posting data finds that, compared to other technologies, machine learning is relatively likely to be a general purpose technology, from
@avicgoldfarb
,
@Bledi_Taska
, and Florenta Teodoridis
Here we go folks. CDL is leading a consortium of 12 companies to bring rapid antigen tests to Canada. Big News! The Rapid Screen Pilots have arrived by
@joshgans
Come work with us! We're hiring a staff scientist to lead a research team on AI, entrepreneurial strategy, and the commercialization of science.
@acceleration_c
@joshgans
@professor_ajay
We've partnered with
@rotmanschool
to create AI Strategy for Executives: a hands-on workshop for senior leadership who need to understand how to design business strategies that utilize AI with
@professor_ajay
@avicgoldfarb
@joshgans
. Apply today!
Pay how you drive insurance reduces fatal car crashes, without generating a lasting first-mover advantage. Important new paper by
@ReimersImke
& Ben Shiller.
Measuring online ad effectiveness requires randomized experiments. Systematic new evidence for what goes wrong in observational studies
@MarketngScience
.
Quantum computing as a drop in the cost of combinatorics. Our paper on why that matters and early commercial applications. With Francesco Bova and
@rgmelko
. .
@creativedlab