Who will be crowned econometric world champions? From 6 to 8 April 120 students from across the globe will compete for this prestigious title during the 17th edition of the Econometric Game. The University of Cambridge, Harvard University and the University of Oxford will be among the teams competing in this year’s event, which will be held at the University of Amsterdam (UvA).
The Econometric Game is an initiative of the UvA’s Study Association for Econometrics (VSAE). Because of its rising popularity, the number of entries outstrip the number of available places, which is why only the 30 best universities are selected to send a delegation of two Master’s students and two PhD students.
The participating teams are tasked with solving a major societal issue in an econometric way within three days. Some of the problems that have been presented in recent years include: the HIV/Aids epidemic in Sub-Saharan Africa; the effects of smoking on the birth weight of unborn babies; and a welfare analysis of Indonesia by means of incomplete data on the country’s expenditures. Last year the teams investigated ways to cover the costs of ageing populations and how countries can work together to share the risks.
To ensure the teams have an equal start, the subject of this year’s case will only be announced at the opening of the Econometric Game. This year the teams will focus on a theme related to healthcare accessibility.
The teams will battle it out for their university’s honour and will also be given a spot in the limelight. ‘The Econometric Game is a competition that is highly respect among econometrists. Every year new teams from across the world apply for entry, but only the best are ultimately selected’, says Joppe Arnold, chair of the 2016 Econometric Game. ‘This brings together the world’s brightest econometrics students in Amsterdam and allows them to seek insights into important societal issues through data solutions.’
This is the second consecutive year that EY and ORTEC will sponsor the Econometric Game. Both organisations stress the growing importance of big data, analytics, business analytics and econometrics for our society. Michael van Duijn, CEO of ORTEC Consulting: ‘We live in a society where data is becoming increasingly important. For firms, but also as a way to solve huge societal issues. The participants of the Econometric Game show all the amazing things that can be reached by analysing data. These talented students will be the leaders of the future, people ORTEC is always interested in meeting.’
Besides the Econometric Game, VSAE will organise two discussions. The first will take place on Monday 4 April in SPUI25 and will focus on the ethical issues surrounding big data and privacy. The second will be held on 8 April in Felix Meritus and deal with the impact of automatisation on the labour market.