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14min chapter
Can AI-Driven Economic Models Help Improve Financial Decisions -- Insights from Jonathan Parker, Head of the Finance Department at MIT's Sloan School of Management
Economics Matters with Laurence Kotlikoff
AI in Financial Decision-Making
This chapter explores the integration of AI with economic models to enhance financial decision-making, examining historical foundations and the role of uncertainty in these advancements. It highlights the use of dynamic programming and AI simulations to provide better financial advice while discussing the challenges of model accuracy and the importance of understanding limitations. The conversation contrasts traditional methodologies with innovative software solutions, emphasizing the need for quality financial guidance and practical investment advice.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode