Podcast: Modeling, Economists and predicting the “New Normal”
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
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- Siemens Digital Industries Software
On the Move: A Siemens Automotive Podcast
The automotive and transportation industries are in the middle of a transformation in how vehicles are designed, made, and sold. Driven by an influx of new technologies, consumer demands, environmental pressures, and a changing workforce in factories and offices, automotive companies are pushing to reinvent fundamental aspects of their businesses. This includes developing more advanced and capable vehicles, identifying new revenue sources, improving customer experiences, and changing the ways in which features and functionality are built into vehicles.
Welcome to On the Move, a podcast from Siemens Digital Industries Software that will dive into the acceleration of mobility innovation amid unprecedented change in the automotive and transportation industries. Join hosts Nand Kochhar, VP of Automotive and Transportation, and Conor Peick, Automotive and Transportation Writer, as they dive into the shifting automotive landscape with expert guests from Siemens and around the industry. Tune in to learn about modern automotive design and engineering challenges, how software and electronics have grown in use and importance, and where the industries might be heading in the future.