{"id":987,"date":"2020-08-28T09:27:00","date_gmt":"2020-08-28T08:27:00","guid":{"rendered":"http:\/\/51.75.254.207\/Club-Freelance\/?p=987"},"modified":"2022-10-10T16:29:56","modified_gmt":"2022-10-10T15:29:56","slug":"weekly-news-the-best-language-for-economic-research","status":"publish","type":"post","link":"https:\/\/wp-uk.mindquest.io\/?p=987","title":{"rendered":"Weekly News: The Best Language for Economic Research"},"content":{"rendered":"<h2>The Best Language for Economic Research<\/h2>\n<p><a class=\"has-text-color\" href=\"https:\/\/www.python.org\/\" target=\"_blank\">Python<\/a>, Matlab, Julia &#8212; R. Who would win the battle of the best language for Economic research? That&#8217;s probably one of the most common online queries in the programming world. There is just something about humans and our obsession with chasing the very best of the best.\u00a0<\/p>\n<p>Discover <a class=\"has-text-color\" href=\"https:\/\/mindquest.io\/en\/blog\/news\/410\/python-projects-to-try-from-beginner-to-advanced\" target=\"_blank\">Python Projects to Try \u2013 From Beginner to Advanced<\/a><\/p>\n<p>In reality, of course, each language has its nuances and areas<br \/>\nin which it shines. Anyone claiming to have a definitive answer on the matter<br \/>\nshould come up with some solid arguments to back their verdict.<\/p>\n<p>And that&#8217;s <a href=\"https:\/\/voxeu.org\/article\/which-programming-language-best-economic-research\" target=\"_blank\">exactly what two London School of Economics researchers did<\/a>. They looked at different languages based on the power of available libraries, the speed and possibilities when handling large datasets, and the speed and ease-of-use for a computationally intensive task.<\/p>\n<p>Hint: the winner has a woman&#8217;s name.<\/p>\n<div class=\"wp-block-spacer\"><\/div>\n<div class=\"wp-block-spacer\"><\/div>\n<h2><strong>Thanks, but no thanks<\/strong><\/h2>\n<p>That&#8217;s the polite<br \/>\nversion of what UK students were shouting in front of the Department of<br \/>\nEducation over a week ago. The cause of their anger was an algorithm. \u00a0<\/p>\n<p>University admission exams had been cancelled because of the<br \/>\npandemic. Teachers proposed predicting their student&#8217;s scores as a way to<br \/>\ncompromise. The education department dismissed the idea on the grounds that<br \/>\nprevious research had proved such estimates to be biased. Instead, they decided<br \/>\nto use an algorithm. \u00a0<\/p>\n<p>Well, that one turned out to be even more biased. <a href=\"https:\/\/www.technologyreview.com\/2020\/08\/20\/1007502\/uk-exam-algorithm-cant-fix-broken-system\/\" target=\"_blank\">Close to 40% of students received lower grades than what their teachers had predicted<\/a>, potentially harming their chances to get into their university of choice. Those in working-class and disadvantaged communities were disproportionately affected. <\/p>\n<p>The issue has now been fixed, but it&#8217;s a textbook examples of the dangers of AI bias. <\/p>\n<div class=\"wp-block-spacer\"><\/div>\n<p><a class=\"has-text-color\" href=\"https:\/\/mindquest.io\/en\/signup?type=consultant\" target=\"_blank\">Join our community and find your next job or expert in IT<\/a><\/p>\n<p> <a class=\"has-text-color\" href=\"https:\/\/mindquest.io\/en\/blog\/news\/3983\/how-to-learn-python-with-rune\" target=\"_blank\">How To Learn Python With Rune<\/a><\/p>\n<div class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Python, Matlab, Julia &#8212; R. Who would win the battle of the best language for economic research? Hint: the winner has a woman&#8217;s name.<\/p>\n","protected":false},"author":6,"featured_media":989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[775,755],"tags":[51,296,295,688,294,231,166,293,69,256],"class_list":["post-987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-review","category-tech-magazine","tag-ai","tag-ai-bias","tag-julia","tag-language-for-economic-research","tag-matlab","tag-programming-languages","tag-python","tag-r","tag-tech-news","tag-technology-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/wp-uk.mindquest.io\/index.php?rest_route=\/wp\/v2\/posts\/987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wp-uk.mindquest.io\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wp-uk.mindquest.io\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wp-uk.mindquest.io\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/wp-uk.mindquest.io\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=987"}],"version-history":[{"count":16,"href":"https:\/\/wp-uk.mindquest.io\/index.php?rest_route=\/wp\/v2\/posts\/987\/revisions"}],"predecessor-version":[{"id":6968,"href":"https:\/\/wp-uk.mindquest.io\/index.php?rest_route=\/wp\/v2\/posts\/987\/revisions\/6968"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wp-uk.mindquest.io\/index.php?rest_route=\/wp\/v2\/media\/989"}],"wp:attachment":[{"href":"https:\/\/wp-uk.mindquest.io\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wp-uk.mindquest.io\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wp-uk.mindquest.io\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}