Warsaw, Poland

Data Science In Economics

Bachelor's
Language: EnglishStudies in English
Subject area: economy and administration
Kind of studies: full-time studies
University website: www.lazarski.pl/en
Data
Data ( DAY-tə, DAT-ə, DAH-tə) is a set of values of qualitative or quantitative variables.
Data Science
Data science is an interdisciplinary field of scientific methods, processes, algorithms and systems to extract knowledge or insights from data in various forms, either structured or unstructured, similar to data mining.
Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Science
Science (from Latin scientia, meaning "knowledge") is a systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe.
Science
Those (natural) laws cannot be circumvented by any amount of piety or cleverness, but they can be understood. Uncovering them should be the highest goal of a civilized society. Not, as we have seen, because scientists have any claim to greater intellect or virtue, but because the scientific method transcends the flaws of individual scientists. Science is the only way we have of separating the truth from ideology, or fraud, or mere foolishness.
Robert L. Park, Voodoo Science (2000), p. 211
Science
I was particularly interested in that, in working on Jurassic Park that aspect of what are the negative parts. Because in talking with the people who were doing this kind of research what I was hearing was that the most responsible of them were deciding not to proceed down certain lines of inquiry which is really a new phase in science. Traditionally in science what the scientists themselves have said is: "I might as well do it, because if I don't, someone else will. It is going to happen inevitably." I think there's recognition now, that it's no so inevitable and it's quite conceivable that if I don't do this research neither will anyone else. It's simply too dangerous.
Michael Crichton, interview Lost World section of Beyond Jurassic Park DVD.
Economics
In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics.
Ronald Coase, The firm, the market and the law (1988) Chapter 6. A remark on "The problem of social cost" (last sentence).

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