David Nguyen

Hi Everyone!

We're hosting our Wharton AI and the Future of Work Conference on 5/21-22. Last year was a great event with some of the top papers on AI and work.

Paper submission deadline is 3/3. Come join us! Submit papers here: forms.gle/ozJ5xEaktXDE...

Image shows surgeons at work

Alongside publishing new ESCoE work on Inclusive Income with Cliodhna Taylor this week, Richard Heys has also recently published a paper on composite indices.➡️ tinyurl.com/mfm7u59c

Read more on public service productivity measurement. ➡️ tinyurl.com/bdyvprke

GenCast predicts weather and the risks of extreme conditions with state-of-the-art accuracy New AI model advances the prediction of weather uncertainties and risks, delivering faster, more accurate forecasts up to 15 days ahead

The DeepMind GenCast blog post. Impressive stuff

deepmind.google/discover/blo...

Median homes in San Jose and San Francisco now worth more than $1 million. Highest in the country. If you live here that doesn’t surprise you. Very limited supply and immense tech wealth.

www.nytimes.com/2024/11/21/r...

The Consumer Welfare Effects of Online Ads: Evidence from a 9-Year Experiment Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...

Here's a our new paper "The Consumer Welfare Effects of Online Ads: Evidence from a 9-Year Experiment"

We analyze a long-running field experiment of online advertising.

We find no significant differences in valuations between users who see ads vs. those who don't.

www.nber.org/papers/w32846

Oh #econsky, @erikbryn.bsky.social is here

🙋‍♂️

Crazy interesting paper in many ways:
1) Voice-enabled GPT-4o conducted 2 hour
interviews of 1,052 people
2) GPT-4o agents were given the transcripts & prompted to simulate the people
3) The agents were given surveys & tasks. They achieved 85% accuracy in simulating interviewees real answers!

This feels like the "old" Twitter 🤗

Concentrating Intelligence: Scaling and Market Structure in Artificial Intelligence Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...

New paper by Anton Korinek and Jai Vipra examining the market structure and competition dynamics of LLMs, warning how economies of scale and scope could vastly increase concentration in the future.

www.nber.org/papers/w33139

Events Register for upcoming virtual and in-person events at the Lab. You can also view past events.

The Digital Economy Lab has 2 exciting seminars this week. Monday (11/18) Andrea Eisfeldt (UCLA) "The Impact of Generative AI on Firm Values"
Thursday (11/21) David Deming (Harvard) "The (Possible) Labor Market Impacts of AI"
Register here for in-person or online digitaleconomy.stanford.edu/events/