Research
Research in the use of machine learning for the effective analysis of large-dimensional economic data, including relevant theories and implementation procedures.
Our Vision
Building AI systems for economic analysis and decision-making.
EML begins with the economic problem rather than a particular AI technology. We combine economic and econometric structure, empirical and domain knowledge, customized machine learning, and modern AI to design systems suited to the information environment and decision needs of individual users. Transformers and other advanced AI architectures are used when they provide clear benefits, while econometric and machine-learning models remain valuable when they are better suited to the problem.
ART
Adaptability · Robustness · Transparency
EML develops economic AI systems designed to adapt to changing economic environments, remain robust in noisy and evolving data, and provide economically meaningful and transparent interpretation.
EML at a glance
Where economics, data, and computation meet.
The Lab focuses on methodological development, training, and collaboration in areas where modern economic data require new analytical tools.
Machine Learning
Methods adapted to economic questions and data structures.
Econometrics
Theory-grounded approaches for empirical research.
Large Data
Tools for high-dimensional economic environments.
Education
Training for students at multiple levels.
Practice
Knowledge exchange with researchers and practitioners.
What We Do
Three connected pillars.
Each pillar reflects a practical part of the Lab’s identity: developing new methods, training students, and connecting research with real-world decision problems.
Education
Education of students at all levels on machine learning methodologies and background theories applicable to the analysis of large-dimensional economic data.
Collaboration
Knowledge exchange and collaboration between academia and industry to solve practical problems in decision making and prediction.
Our Supporters
Supported by institutional and individual partners.
Institutional Supporters
College of Arts + Sciences: Indiana University
Department of Economics: Indiana University Bloomington
Individual Supporters
Ken & Dawn Weakley Foundation