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SUMMARY:Drexel School of Economics Presents: Lunch and Learn with Dr. Prest
 on McAfee\, Director\, Google Strategic Technologies: Machine Learning in 
 an Exchange Environment
DESCRIPTION: \n\nJoin Drexel University School of Economics for an engaging
  faculty\nfocused discussion with Dr. Preston McAfee\, Director\, Google S
 trategic\nTechnologies.\n\nDr. Preston McAfee will discuss “Machine Lear
 ning in an Exchange\nEnvironment”. Machine learning involves very large 
 regressions\, with\nas many as a billion explanatory variables. Due to the
  scale\, point\nestimates are typically used\, so that common economic con
 cepts like\nstandard errors are ignorned. The talk focuses on applications
  of ML\nin an exchange environment\, as arises in internet advertising. Th
 e use\nof ML in an auction suggests several ways of improving ML: dealing\
 nwith the winner’s curse\, accommodating the inevitable prediction\nerro
 rs into pricing\, and choosing a loss function appropriate to the\napplica
 tion.\n\nMonday\, April 28\, 2014 12:00 p.m. Boxed lunch will be provided.
 \n\nFor more information about Dr. Preston McAfee’s research at Google:\
 nhttp://research.google.com/pubs/PrestonMcAfee.html\n\nFor Dr. Preston McA
 fee’s biography:\nhttp://en.wikipedia.org/wiki/Preston_mcafee\n\nFor mor
 e information about Drexel University School of Economics:\nhttps://www.le
 bow.drexel.edu/academics/disciplines/economics\n 
DTSTART:20140428T160000Z
DTEND:20140428T173000Z
LOCATION:Gerri C. LeBow Hall\, 3220 Market Street\, 406\, Philadelphia\, PA
  19104
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