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Eye On A.I. cover image

#133 Michael Jordan: How Deep Learning Has Completely Changed Industries

Eye On A.I.

NOTE

Incentives and Equilibria in the Face of Missing Information

A system of incentives is needed to address asymmetric information in situations like health insurance./nIn situations where information is missing or unavailable, equilibria can be found through setting up incentives./nEconomists have traditionally focused on fairness and overall systems, but mechanism design and data adaptivity are becoming more important./nOptimization technology and human cognition must be considered together in real computer science applications./nThe economy is a closed loop system that is influenced by interactions, learning, and changing outcomes.

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