Podcast: Modeling, Economists and predicting the “New Normal”

By Ed Bernardon

Modeling plays a key role in the development of the future car and in this new pandemic world in which we live.  Preventing the spread of this disease permeates everything we do from how we manage our health to how we dine out, and even how we get around – everything is changing. While scientists race to find a vaccine, the world must adapt to a new normal, modeling and simulation help us predict how that new normal will unfold.

Putting new systems in place and altering urban infrastructure is costly. Particularly during an economic shutdown, we need to make sure our decisions have the intended effect of keeping us safe as we return to some version of normality. So, what role does modeling play in helping us make those decisions, and who is doing the modeling?  Join Ed Bernardon, host of The Future Car Podcast, discover how economists are shaping the models that try to predict the new normal.

Our guest today is Ashley O’Donoghue a Ph.D. economist at the Center for Healthcare Delivery Science at Beth Israel Deaconess Medical Center in Boston. She talks with us about some of the economic models that are currently being used to help us predict what the new normal might look like. She’ll also help us answer one of life’s great questions: What exactly does an economist do?

Discussion Outline:

  • What an economist actually does (1:49)
  • What is the role of an economist in the healthcare sector? (3:02)
  • What we learn from “causal inference” (3:41)
  • Examples of Natural Experiments in hospitals and what we can learn from data (4:56)
  • When do you know your model is good enough? (6:35)
  • Can models help us predict the future? (7:37)
  • What the current models are predicting about transportation (8:54)
  • The unintended side effects of the pandemic in the healthcare sector (9:26)
  • What changes cities are already making to adapt (10:01)
  • What is a “super spreader”? (11:10)
  • Which environments are more likely to create super spreader events? (13:24)

Connect with Ashley O’Donoghue:

Connect with Ed Bernardon your Host

The Future Car Podcast Podcast

The Future Car Podcast

Transportation plays a big part in our everyday life and with autonomous and electric cars, micro-mobility and air taxis to name a few, mobility is changing at a rate never before seen. On the Siemens Future Car Podcast we interview industry leaders creating our transportation future to inform our listeners in an entertaining way about the evolving mobility landscape and the people that are helping us realize it. Guests range from C-Level OEM executives, mobility startup founders/CEO’s, pioneers in AI law, Formula 1 drivers and engineers, Smart Cities architects, government regulators and many more. Tune in to learn what will be in your mobility future.

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This article first appeared on the Siemens Digital Industries Software blog at https://blogs.sw.siemens.com/podcasts/the-future-car/podcast-modeling-economists-and-predicting-the-new-normal/