D_Malik comments on Earnings of economics majors: general considerations - Less Wrong

5 Post author: JonahSinick 14 April 2014 10:23PM

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Comment author: D_Malik 28 March 2015 07:34:13PM 0 points [-]

Great post!

Those possible explanations translate straightforwardly into Bayes net fragments. If we had data, it would be pretty straightforward to actually infer the strength of each explanation.

"Liberal arts" is a weird category. Economics has similar aptitude-demands as STEM fields, so people considering economics should also consider STEM fields.

The "What's It Worth" link is broken; here's one that works: https://cew.georgetown.edu/wp-content/uploads/2014/11/whatsitworth-complete.pdf

Comment author: gwern 28 March 2015 08:02:20PM 0 points [-]

Those possible explanations translate straightforwardly into Bayes net fragments. If we had data, it would be pretty straightforward to actually infer the strength of each explanation.

How effective are those techniques in practice? Have any similar sociology/economic problems been convincingly resolved with Bayesian networks in the absence of randomization or instrumental variables?