Comment by RA_Fisher
3 days ago
Econometricians can solve it, bc we can create rigorous models that map causal inputs to output.
It’s extremely advanced technology, though, and most CEOs would rather rent seek / camp than give up some decision-making power (and very few are even aware it’s possible).
Do you have any good sources for this I'd be interested in learning more
I used AI to unpack it a bit here: https://statwonk.com/econometricians-can-build-decision-engi...
I'd generally point to econometrics and statistics applied to business. The key activity is causal inference and then the context determines the mix of econo vs. stats required to help the org make high-quality decisions to increase output or make it more lucrative or higher-quality.