NOMIS researcher Andrew Caplin and colleagues have published a working paper, “Modeling Machine Learning,” in the National Bureau of Economic Research.
What do machines learn, and why? To answer these questions we import models of human cognition into machine learning. We propose two ways of modeling machine learners based on this join: feasibility-based and cost-based machine learning. We evaluate and estimate our models using a deep learning convolutional neural network that predicts pneumonia from chest X-rays. We find these predictions are consistent with our model of cost-based machine learning, and we recover the algorithm’s implied costs of learning.
Read the NBER paper: Modeling Machine Learning
Silver Professor of Economics
New York University
Attentional and Perceptual Foundations of Economic Behavior
NOMIS RESEARCH PROJECT