Ignore academic publishing, and imagine the implications of everyone having access to a Raj Chetty-quality lab through AI Newspaper articles could routinely come with credible identification designs. We could spin up a simulation for every federal, state, local proposed policy
Every firm decision could be backed by not just a gut sense; but some modeling analysis of historical data, some structural estimation, and then testing on synthetic agents. The economy-wide benefits of ML/AI for the masses can be huge.
56