Economics
Economics

Despite its impressive output, generative AI doesn’t have a coherent understanding of the world

Researchers show that even the best-performing large language models don’t form a true model of the world and its rules, and can thus fail unexpectedly on similar tasks.

Large language models don’t behave like people, even though we may expect them to

A new study shows someone’s beliefs about an LLM play a significant role in the model’s performance and are important for how it is deployed.

A data-driven approach to making better choices

In the new economics course 14.163 (Algorithms and Behavioral Science), students investigate the deployment of machine-learning tools and their potential to understand people, reduce bias, and improve society.

School of Engineering welcomes new faculty

Fifteen new faculty members join six of the school’s academic departments.

Does technology help or hurt employment?

Combing through 35,000 job categories in U.S. census data, economists found a new way to quantify technology’s effects on job loss and creation.

Most work is new work, long-term study of U.S. census data shows

The majority of U.S. jobs are in occupations that have emerged since 1940, MIT research finds — telling us much about the ways jobs are created and lost.

3 Questions: Shaping the future of work in an age of AI

Daron Acemoglu, David Autor, and Simon Johnson, faculty co-directors of the new MIT Shaping the Future of Work Initiative, describe why the work matters and what they hope to achieve.

Institute Professor Daron Acemoglu Wins A.SK Social Science Award

The award honors research on public policy with a focus on economic and governmental reforms.

Who will benefit from AI?

In campus talk, Daron Acemoglu offers vision of “machine usefulness,” rather than autonomous “intelligence,” to help workers and spread prosperity.

Artificial intelligence for augmentation and productivity

The MIT Schwarzman College of Computing awards seed grants to seven interdisciplinary projects exploring AI-augmented management.