Data-Driven Decisions
The discussion highlights the rigorous approach companies like Google and Amazon take in analyzing data through randomized controlled trials, ensuring statistically significant results before implementing changes. This method mirrors academic practices in development economics, where experiments are conducted to assess the impact of interventions like textbook access on education. The conversation also raises questions about whether these companies learn from each other’s successes or rely solely on their own data.In this clip
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EconTalk
Susan Athey on Machine Learning, Big Data, and Causation
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