Hansen Lab

University College London

- · United Kingdom

ERC-funded
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Research focus

ERC Consolidator Grant · 2019

Structural Models for Text and other Unstructured Data

Most usable data is unstructured. Examples include text, transaction data, images, and web browsing histories. Although rich and plentiful, most economists do not use unstructured data. The few that do generally quantify it with off-the-shelf algorithms that are unrelated to the economic environment in which it is generated, which makes connecting it to economic models difficult. I instead propose to build novel probabilistic models of unstructured data that link it directly to relevant economic parameters. This powerful approach will use the information in unstructured data to test and estimate economic models in a way that is not currently possible with existing methods. I will focus on…

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