Has machine learning rendered simple rules obsolete?

被引:0
|
作者
Jesús Fernández-Villaverde
机构
[1] University of Pennsylvania,
来源
关键词
Artificial intelligence; Machine learning; Economics; Simple rules; D85; H10; H30;
D O I
暂无
中图分类号
学科分类号
摘要
Epstein (Simple rules for a complex world, Harvard University Press, Cambridge, 1995) defended the superiority of simple legal rules over complex, human-designed regulations. Has Epstein’s case for simple rules become obsolete with the arrival of artificial intelligence, and in particular machine learning (ML)? Can ML deliver better algorithmic rules than traditional simple legal rules? This paper argues that the answer to these question is “no” by building an argument based on three increasingly more serious barriers that ML faces to develop legal (or quasi-legal) algorithmic rules: data availability, the Lucas’ critique, and incentive compatibility in eliciting information. Thus, the case for simple legal rules is still sound even in a world with ML.
引用
下载
收藏
页码:251 / 265
页数:14
相关论文
共 50 条
  • [31] A large committee machine learning noisy rules
    Urbanczik, R
    NEURAL COMPUTATION, 1996, 8 (06) : 1267 - 1276
  • [32] Event Extraction via Rules and Machine Learning
    Gao, Xuepan
    Diao, Zhengang
    Wei, Kailin
    Yang, Yuzhao
    Li, Lei
    PROCEEDINGS OF 2019 6TH IEEE INTERNATIONAL CONFERENCE ON CLOUD COMPUTING AND INTELLIGENCE SYSTEMS (CCIS), 2019, : 41 - 46
  • [33] Machine learning of maritime fog forecast rules
    Tag, PM
    Peak, JE
    JOURNAL OF APPLIED METEOROLOGY, 1996, 35 (05): : 714 - 724
  • [34] ON ITERATION RULES WITH MEMORY IN MACHINE LEARNING.
    Csibi, Sandor
    Problems of Control and Information Theory, 1972, 1 (01): : 37 - 50
  • [35] Learning rules to improve a machine translation system
    Kauchak, D
    Elkan, C
    MACHINE LEARNING: ECML 2003, 2003, 2837 : 205 - 216
  • [36] Machine learning changes the rules for flux limiters
    Nguyen-Fotiadis, Nga
    McKerns, Michael
    Sornborger, Andrew
    PHYSICS OF FLUIDS, 2022, 34 (08)
  • [37] Machine Learning of Phonetic Transcription Rules for Greek
    Karanikolas, Nikitas N.
    INTERNATIONAL CONFERENCE ON NUMERICAL ANALYSIS AND APPLIED MATHEMATICS (ICNAAM-2018), 2019, 2116
  • [38] Visualization of data structures and machine learning of rules
    Pao, YH
    INTELLIGENT INFORMATION SYSTEMS, (IIS'97) PROCEEDINGS, 1997, : 128 - 132
  • [39] Assessing performance of prediction rules in machine learning
    Martin, Rory
    Yu, Kai
    PHARMACOGENOMICS, 2006, 7 (04) : 543 - 550
  • [40] HAVE THE SEROTONIN-DOPAMINE ANTAGONISTS RENDERED TRADITIONAL ANTIPSYCHOTIC AGENTS OBSOLETE
    GOFF, DC
    HARVARD REVIEW OF PSYCHIATRY, 1995, 3 (02) : 101 - 103