Back in the olden days when I ran the Dallas Fed, we had an extensive outreach program for economic education, including seminars for teachers who taught economics in high school, often without much ...

A new kind of machine-learning model is set to improve automated decision making in finance, health care, ad targeting, and more. A new kind of machine-learning model built by a team of researchers at ...

The study says to experts, if you use counterfactuals, then you’ll do better. The authors, psychology researchers in Italy, tested the theory using mock jurors in the first study and actual judges in ...

The role of establishing counterfactuals The first step to any business or governmental decision making largely involves establishment of causality. For example, in taking decisions regarding monetary ...