If Applied Econometrics Were Easy, LLMs Could Do It!
Matt Bogard (noreply@blogger.com)
Summary Can AI do applied econometrics and causal inference? Can LLMs pick up on the nuances and social norms that dictate so many of the decisions made in applied work and reflect them in response to a prompt? LLMs bring to the table incredible capabilities and efficiencies and opportunities to create value. But there are risks when these tools are used like Dunning-Kruger-as-a-Service (DKaaS), where the critical thinking and actual learning begins and ends with prompt engineering and a respons