> Applied statistics is a
far more precise descriptor, “but no one wants to use that term, because
it’s not as sexy.”
This really hit me some time back when I was explaining AI to a friend. After about 10 mins of rambling about LLMs and mentioning the attention paper like I knew what I was talking about, it ended with “oh so it’s just a really advanced auto correct”
It wouldn't require perfect accuracy, just rough accuracy and a human to confirm, and it's already more than good enough for that. I do not understand this confusion surrounding modern math.
Here's the thing about economists... The loudest ones don't want to be correct, they want to be influential. The ones who can actually make good predictions work for banks and hedge funds lol.
This really hit me some time back when I was explaining AI to a friend. After about 10 mins of rambling about LLMs and mentioning the attention paper like I knew what I was talking about, it ended with “oh so it’s just a really advanced auto correct”