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McCarthy hedges bets on risks of AI
Economists are often teased for getting their predictions wrong.
Post Script noticed that John McCarthy, the Department of Finance’s chief economist, has found a nifty workaround to this dilemma long-faced by his profession.
Last week, at the ESRI’s Budget Perspectives Conference, McCarthy gave a “stock take” of the current economic and budgetary situation. It was a graph-heavy presentation, of course.
Near the end, McCarthy included a “risk matrix” ...
