Manchot Lecture held by Professor Charles F. Manski was very well-attended
It has been a great pleasure to host Professor Charles F. Manski (Northwestern University) on Thursday, January 26, 2017, for our 12th Manchot Lecture.
The audience in the filled lecture hall attentively followed his presentation on "Communicating Uncertainty in Policy Analysis". Charles Manski discussed his research on how current practice of policy analysis hides uncertainty.
Professor Manski stressed the importance of quantitively establishing these uncertainties to aid policy analysis. He urged behavorial and social scientists to initiate empirical studies to better understand how communicating uncertainties would affect future decision making.
He also expressed his serious concerns on the impact that the new US administration's policies might have on data collection that makes possible the publication of official economic statistics.
He talked about the importance of establishing research centers outside the executive branch of the federal government that can provide honest and well-informed predictions of policy outcomes and estimates of the state of the economy.
The lecture was well received by the general public, as well as by students and faculty of the Department of Economics.