Economics Not Close to Pushing the Power of Computers and Data Sets - J Doyne Farmer

Economics Not Close to Pushing the Power of Computers and Data Sets - J Doyne Farmer

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Business

University

Hard

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The transcript discusses the scale of data sets in various fields, highlighting that while fields like satellite imagery and finance generate massive data, they are manageable. In economics, computer power is not a limiting factor, unlike in other sciences where computational limits are significant. Economists underutilize available computing resources.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the billions of data points generated daily in finance and stock markets?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways are economists underutilizing computers according to the speaker?

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