Tag: Behavioral economics

  • A data-driven approach to making better choices

    A data-driven approach to making better choices

    Imagine a world in which some important decision — a judge’s sentencing recommendation, a child’s treatment protocol, which person or business should receive a loan — was made more reliable because a well-designed algorithm helped a key decision-maker arrive at a better choice. A new MIT economics course is investigating these interesting possibilities. Class 14.163…

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