CORDIS Project
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This project develops new econometric methods to identify policies that maximize social welfare. It focuses on optimal sampling and estimation techniques applicable to various policy design challenges.
One of the ultimate goals of economics is to inform a policy that improves welfare.
Despite that the vast amount of empirical works in economics aims to achieve this goal, the current state of the art in econometrics is silent about concrete recommendation for how to estimate the welfare maximizing policy.
This project addresses statistically optimal and practically useful ways to learn the welfare-maximizing policy from data by developing novel econometric frameworks, sampling design, and estim…
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