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You can't scale your way to data from counterfactuals that haven't happened.
Nice piece. My read on what it does and doesn't show:
New post : Can a Transformer “Learn” Economic Relationships? Revisiting the Lucas Critique in the age of Transformers. with @arpitrage
We simulated data from an NK model, fit a transformer, and tested out of sample fit
How did it do? Pretty well!
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