Review Details

Data Science in Economics and Finance for Decision Makers

Product Rating:

Product Rating
Rating
100%

Product Review (submitted on 25 February 2021):

“Economies are complex, adaptive systems full of heterogeneous agents whose interactions have thus far been almost impossible to discern. Fortunately, a digital revolution is now underway that will affect the public sector as much as the private sector. Huge amounts of data, allied with cheap computing power, make it increasingly possible to model the economic and financial world in new ways that could transform policymaking.
This book, highly multidisciplinary in character and totally comprehensive in scope, offers essential insights to both practitioners of data science and the policy makers who increasingly depend upon them. It excites by suggesting how new techniques such as artificial intelligence can advance our understanding of systemic processes while also improving policy and the communication of policy. At the same time, the book soberly assesses the shortcomings and challenges posed by the digital revolution and offers very practical advice as to how these might be overcome: a ‘how to’ guide to the future of data and modelling that will stimulate engineers, data scientists, lawyers and philosophers as well as central bankers and financial regulators.”