I really enjoyed the interview with David Laibson, and there were a number of things that I learned. What surprised me most was Laibson’s absolute confidence that we will not be able to accurately predict long-term economic events at any point in the near future. He claims that despite advances in technology, including machine learning, and a deeper understanding of behavioral economics, accurately predicting economic outcomes 20 years into the future remains a very distant prospect. Considering the progress that has been made, I would have expected more optimism from Laibson.
top of page
bottom of page