Econometric models

Policy Simulation Model

The Policy Simulation Model (PSM) is a static microsimulation model which encapsulates the tax and benefits system, and population, of Great Britain. It is based on survey data from the Family Resources Survey (FRS) which is uprated to simulate the current year, together with several years into the future through a process of static uprating. The uprating process covers a complex range of processes, ranging from simple numerical uprating of financial values, to modelling the draw-down of old benefits through to the implications of the rising state pension age. The model is built using SAS and is owned by the GB Department for Work and Pensions (DWP). It produces outputs including the financial (and work-incentive) impacts on a representative sample of the GB population from hypothetical policy changes to the tax and benefits system. It is managed by a central team of analysts who both develop the model and provide year-round customer service to analytical users of the model spread across the DWP corporate centre. It is used for poverty and scenario analysis associated with the development of new policies, including Universal Credit. (Wikipedia).

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Simulation: The Challenge for Data Science

While machine learning has recently had dramatic successes, there is a large class of problems that it will never be able to address on its own. To test a policy proposal, for example, often requires understanding a counterfactual scenario that has never existed in the past, and that may

From playlist Turing Seminars

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Causal Behavioral Modeling Framework - Discrete Choice Modeling of Consumer Demand

There are increasing demands for "causal ML models" of the agent behaviors, which enable us to unbox the complex black-box models and make inferences or do proper counterfactual simulations. Many applications (especially in Marketing) intrinsically call for measurement of the causal impact

From playlist Fundamentals of Machine Learning

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A solar system, a simulation made with Excel

An Excel simulation of the solar system. You can see how things are recursively computed: the mutual gravity force from the locations, the accelerations, the velocities, and finally the updated locations. The solar eclipse is also shown. This is clip is intended to illustrate Chapter 24 Ap

From playlist Physics simulations

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The Explainer: What is a Business Model?

"Business model" and "strategy" are among the most sloppily used terms in business. --------------------------------------------------------------------- At Harvard Business Review, we believe in management. If the world’s organizations and institutions were run more effectively, if our

From playlist The Explainer

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Simulating in Real Time: Hydraulic Actuator

Get a Free Trial: https://goo.gl/C2Y9A5 Get Pricing Info: https://goo.gl/kDvGHt Ready to Buy: https://goo.gl/vsIeA5 Configure multiple, independent solvers to enable real-time simulation. The model of a hydraulic aileron actuation system is simulated on a real-time target. For more video

From playlist Physical Modeling

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Monte Carlo Simulation and Python 2 - Dice Function

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From playlist Monte Carlo Simulation with Python

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Stanford Webinar: Business Models for Entrepreneurs and Innovators

http://create.stanford.edu/ This discussion with Professor Haim Mendelson explores the best approach for putting together a business model and how to use it for new business development opportunities. Learn why the business model is a blueprint for planning, and then building, new busine

From playlist Stanford Webinars

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Efficient Robot Skill Learning via Grounded Simulation Learning, Imitation Learning... - Peter Stone

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From playlist Mathematics

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Michael Hyland: "Integrating State-of-the-Art Mobility-on-Demand Fleet Models into Transportatio..."

Mathematical Challenges and Opportunities for Autonomous Vehicles 2020 Workshop III: Large Scale Autonomy: Connectivity and Mobility Networks "Integrating State-of-the-Art Mobility-on-Demand Fleet Models into Transportation System Simulation Tools for Policy Analysis" Michael Hyland - Uni

From playlist Mathematical Challenges and Opportunities for Autonomous Vehicles 2020

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Stanford CS234: Reinforcement Learning | Winter 2019 | Lecture 16 - Monte Carlo Tree Search

For more information about Stanford’s Artificial Intelligence professional and graduate programs, visit: https://stanford.io/ai Professor Emma Brunskill, Stanford University http://onlinehub.stanford.edu/ Professor Emma Brunskill Assistant Professor, Computer Science Stanford AI for Hu

From playlist Stanford CS234: Reinforcement Learning | Winter 2019

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DeepMind x UCL RL Lecture Series - Planning & models [8/13]

Research Engineer Matteo Hessel explains how to learn and use models, including algorithms like Dyna and Monte-Carlo tree search (MCTS). Slides: https://dpmd.ai/planningmodels Full video lecture series: https://dpmd.ai/DeepMindxUCL21

From playlist Learning resources

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Simulating the economy as we simulate the climate... - Pollitt - Workshop 3 - CEB T3 2019

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From playlist 2019 - T3 - The Mathematics of Climate and the Environment

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Monte Carlo Simulation and Python

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From playlist Monte Carlo Simulation with Python

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MIT 6.S091: Introduction to Deep Reinforcement Learning (Deep RL)

First lecture of MIT course 6.S091: Deep Reinforcement Learning, introducing the fascinating field of Deep RL. For more lecture videos on deep learning, reinforcement learning (RL), artificial intelligence (AI & AGI), and podcast conversations, visit our website or follow TensorFlow code t

From playlist Introduction to Deep Learning

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Lecture 07: Planning and Learning with Tabular Methods

Seventh lecture video on the course "Reinforcement Learning" at Paderborn University during the summer term 2020. Source files are available here: https://github.com/upb-lea/reinforcement_learning_course_materials

From playlist Reinforcement Learning Course: Lectures (Summer 2020)

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Why Choose Model-Based Reinforcement Learning?

What is the difference between model-free and model-based reinforcement learning? Explore the differences and results as the learning models are applied to balancing a cart/pole system as an example. By the end, you will have a better understanding of situations where you may want to choos

From playlist Reinforcement Learning

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MuZero: Mastering Atari, Go, Chess and Shogi by Planning with a Learned Model

MuZero harnesses the power of AlphaZero, but without relying on an accurate environment model. This opens up planning-based reinforcement learning to entirely new domains, where such environment models aren't available. The difference to previous work is that, instead of learning a model p

From playlist Reinforcement Learning

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Monte Carlo Simulation and Python 10 -Analyzing some results

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From playlist Monte Carlo Simulation with Python

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Lecture 17 | Machine Learning (Stanford)

Lecture by Professor Andrew Ng for Machine Learning (CS 229) in the Stanford Computer Science department. Professor Ng discusses the topic of reinforcement learning, focusing particularly on continuous state MDPs, discretization, and policy and value iterations. This course provides a

From playlist Lecture Collection | Machine Learning

Related pages

Family Resources Survey | Microsimulation | Pensim2