COMPLEXITY cover image

R. Maria del-Rio Chanona on Modeling Labor Markets & Tech Unemployment

COMPLEXITY

CHAPTER

The Value of Agent-Based Modeling in Economics

When I was in high school, I consider physics or psychology. And I went for physics because people told me what to be easier to switch afterwards. But towards the end, and even at the beginning, I sometimes felt the world needed a bit more economic solutions than it needed physics solutions. So I wanted to do a PhD and I literally googled physicists, economists. The way he says, we can predict the economy or we can understand it. And we have to get our models, make them empirical, go to the data and show it works. For me, it showed how the future of economics should be. And I wanted to be part of that.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner