Postdoctoral Position in MacroeconomicsThe Department of Economics, Faculty of Social Sciences, University of Copenhagen (UCPH), invites candidates for a postdoctoral position in Macroeconomics with Deep Reinforcement Learning from September 2024. The position is for 2 years. Introduction The standard approach in economics is to assume economic agents behave as if they perfectly solve a mathematical optimization problem derived directly from the environment the agents are assumed to live in and the objectives they are assumed to aim for. Even for pure technical reasons the assumption of perfect problem solving is problematic because solving the full model then requires solving the optimization problems each agent face. This becomes a central computational bottleneck for model builders, and implies that only rather simple environments are considered. The overarching hypothesis of the project is that modelling economic agents as imperfect problem solvers is the way forward to break the bottleneck. We are looking for an excellent candidate with a strong background in quantitative macroeconomics in particular and computational economics in general. We expect candidates to have recently completed, or be close to completing, their doctoral studies in one of the topics indicated above. The Postdoc position is part of a larger project financed by a Sapere Aude grant from the Independent Research Fund Denmark. The principal investigator is Jeppe Druedahl, and a PhD student has recently started on the project. The project is divided into two work packages. In the theoretical work package, the starting point is small models, which can be solved perfectly, and where it is investigated how assuming deep reinforcement learning implies behavior, which is different from omnipotent rational behavior both quantitatively in terms of a loss in payoff/utility, and qualitatively in terms of changes in behavioral patterns. Later larger models, which can no longer be solved with the standard approach, will be used to further map out the connection between the assumptions on the learning algorithm used, and the implied behavior of the economic agent. In the second empirical work package, it is the plan to combine evidence from Danish register data, survey data, and experimental data from an online life-cycle consumption-saving game, to empirically test whether economic agents can be modeled as if they are deep reinforcement learners. The Postdoc is expected to contribute to joint projects with other team members, but will also have ample space for independent work. Further information about the research project can be found here: Duties and Responsibilities A key aim of the Postdoc position, however, is also to help candidates develop and improve their independent research profile and serve as a stepping stone for a future position as Assistant Professor (or similar) at an international research institution. During the two years, the Postdoc will therefore also have significant time available to work independently on their other existing research projects, and to develop new projects of their own within the overall research agenda of the project. Your Competencies and Opportunities
Candidates possessing these competences should make sure to highlight this in their application. Strategy of the Faculty of the Social Sciences
For more on the Faculty strategy, see: https://samf.ku.dk/fakultetet/strategi/. You can read the Department’s strategy here https://www.economics.ku.dk/department/reportsplans/M_l-_og_handleplan_OI_final.pdf Terms of Employment
The recruitment process An Equal Opportunity Workplace International applicant? Contact information Additional information about the position can be obtained from Jeppe Druedahl, e-mail: jeppe.druedahl@econ.ku.dk., phone +45 35 32 44 25. How to apply Your application must be written in English and include the following documents:
The closing date for applications is 23:59 CET 26th November 2023. Applications or enclosures received thereafter will not be considered.
Part of the International Alliance of Research Universities (IARU), and among Europe’s top-ranking universities, the University of Copenhagen promotes research and teaching of the highest international standard. Rich in tradition and modern in outlook, the University gives students and staff the opportunity to cultivate their talent in an ambitious and informal environment. An effective organisation – with good working conditions and a collaborative work culture – creates the ideal framework for a successful academic career. InfoApplication deadline: 26-11-2023
Employment start: 01-09-2024
Department/Location: Økonomisk Institut
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