GPT-4 Explains Econometrics (a new series): Estimating Demand with BLP

by Cunningham (r) and GPT-4 (r), prompted by Cunningham

This is a new series I decided to start called “GPT-4 Explains Econometrics”. The idea is simple: I am going to try and prompt GPT-4 to explain econometric methods that are outside my wheelhouse. The main substack will continue to be my own writings, unassisted by artificial intelligence, as that’s my passion. Which means the main substack will reall…