Drexel School of Economics Presents: Lunch and Learn with Dr. Preston McAfee, Director, Google Strategic Technologies: Machine Learning in an Exchange Environment

Join Drexel University School of Economics for an engaging faculty focused discussion with Dr. Preston McAfee, Director, Google Strategic Technologies.

Dr. Preston McAfee will discuss “Machine Learning in an Exchange Environment”. Machine learning involves very large regressions, with as many as a billion explanatory variables. Due to the scale, point estimates are typically used, so that common economic concepts like standard errors are ignorned. The talk focuses on applications of ML in an exchange environment, as arises in internet advertising. The use of ML in an auction suggests several ways of improving ML: dealing with the winner’s curse, accommodating the inevitable prediction errors into pricing, and choosing a loss function appropriate to the application.

Monday, April 28, 2014 12:00 p.m. Boxed lunch will be provided.

For more information about Dr. Preston McAfee’s research at Google: http://research.google.com/pubs/PrestonMcAfee.html

For Dr. Preston McAfee’s biography: http://en.wikipedia.org/wiki/Preston_mcafee

For more information about Drexel University School of Economics: https://www.lebow.drexel.edu/academics/disciplines/economics