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Economics

Developing sophisticated approaches and systems to deliver the broadest selection of products and services at the lowest prices.

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  • Francesco Furno, Domenico Giannone
    IAAE 2023, Research Methods and Applications on Macroeconomic Forecasting
    2024
    We propose a simple yet robust framework to nowcast recession risk at a monthly frequency in both the United States and the Euro Area. Our nowcast leverages both macroeconomic and financial conditions, and is available the first business day after the reference month closes. In particular, we argue that financial conditions are not only useful to predict future downturns–as emphasized by the existing literature–but
  • Yao Zhao, Kwang-Sung Jun, Bibek Adhikari, Tanner Fiez, Lalit Jain
    2023 Conference on Digital Experimentation @ MIT (CODE@MIT)
    2023
    In this study, we aim to present an effective methodology tailored for companies interested in implement-ing adaptive experimentation in scenarios characterized by potential selection biases or endogeneity. To illustrate our approach, we begin by delving into the realm of online experimentation. Online platforms routinely conduct thousands of A/B tests annually to gain insights into the impact of user-facing
  • 2023 Conference on Digital Experimentation @ MIT (CODE@MIT)
    2023
    Online A/B tests have become an indispensable tool across all the technology industry: if performed correctly, “online” experiments can inform effective decision making and product development. It should therefore not be surprising that Gupta et al. [2019] estimates that online businesses alone collectively run hundreds of thousands of experiments annually. Modern online experiments are often run in marketplaces
  • 2023 Conference on Digital Experimentation @ MIT (CODE@MIT)
    2023
    Randomized Control Trials (RCTs) are widely used across Amazon to causally estimate impacts of proposed feature changes, in order to make data-driven launch decisions. A key element of experimental design is the level of randomization, and the choice often relies on the cross-unit interaction structure. For instance, in the context of advertiser experiments, a treatment may affect the outcome of control
  • 2023 Conference on Digital Experimentation @ MIT (CODE@MIT)
    2023
    There are many experimental settings that may suffer from cross-unit (customers, seller, advertiser, etc.) spillovers, for instance through network effects. Such effects introduce bias and prevent the experimenter from drawing trustworthy insights on the data. One approach to dealing with such spillovers is to group units into clusters and randomize treatment status at the cluster level. Examples of clusters

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US, WA, Seattle
The Amazon Devices and Services organization designs, builds and markets Kindle e-readers, Fire Tablets, Fire TV Streaming Media Players and Echo devices. The Device Economics team is looking for an Economist to join our fast paced, start-up environment to help invent the future of product economics. We solve significant business problems in the devices and retail spaces by understanding customer behavior and developing business decision-making frameworks. You will build econometric and machine learning models for causal inference and prediction, using our world class data systems, and apply economic theory to solve business problems in a fast-moving environment. This involves analyzing Amazon Devices and Services customer behavior, and measuring and predicting the lifetime value of existing and future products. We build scalable systems to ensure that our models have broad applicability and large impact. You will work with Scientists, Economists, Product Managers, and Software Developers to provide meaningful feedback about stakeholder problems to inform business solutions and increase the velocity, quality, and scope behind our recommendations. Key job responsibilities Applies expertise in causal modeling to develop econometric/machine learning models to measure the economic value of devices and the business Reviews models and results for other scientists, mentors junior scientists Generates economic insights for the Devices and Services business and work with stakeholders to run the business for effectively Describes strategic importance of vision inside and outside of team. Identifies business opportunities, defines the problem and how to solve it. Engages with scientists, business leadership outside Devices and Services to understand interplay between different business units We are open to hiring candidates to work out of one of the following locations: Arlington, VA, USA | Seattle, WA, USA
US, WA, Seattle
The Alexa Economics team is looking for a Senior Economics Manager who is able to provide structure around complex business problems, hone those complex problems into specific, scientific questions, and test those questions to generate insights. The candidate will work with various product, analytics, science, and engineering teams to develop models and algorithms on large scale data, design pilots and measure their impact, and transform successful prototypes into data products at scale. They will lead teams of researchers to produce robust, objective research results and insights which can be communicated to a broad audience inside and outside of Alexa. Key job responsibilities Ideal candidates will work closely with business partners to develop science that solves the most important business challenges. They will work well in a team setting with individuals from diverse disciplines and backgrounds. They will serve as an ambassador for science for business teams, so that leaders are equipped with the right data and mental model to make important business decisions. Ideal candidates will own the development of scientific models and manage the data analysis, modeling, and experimentation that is necessary for estimating and validating models. They will be customer centric – clearly communicating scientific approaches and findings to business leaders, listening to and incorporate their feedback, and delivering successful scientific solutions. A day in the life - Review new technical approaches to understand Engagement and associated benefits to Alexa. - Partner with Engineering and Product teams to inject econometric insights and models into customer-facing products. - Help business teams understand the key causal inputs that drive business outcome objectives. About the team The Alexa Engagement and Economics and Team uses data, analytics, economics, statistics, and machine learning to measure, report, and track business outputs and growth. We are a team that is obsessed with understanding customer behaviors, and leveraging all aspects from customers behaviors with Alexa and Amazon to develop and deliver solutions that can drive Alexa growth and long-term business success. We use causal inference to identify business optimization and product opportunities. We are open to hiring candidates to work out of one of the following locations: Bellevue, WA, USA | Seattle, WA, USA
US, WA, Bellevue
We are looking for detail-oriented, organized, and responsible individuals who are eager to learn how to work with large and complicated data sets. Some knowledge of econometrics, as well as basic familiarity with Python is necessary, and experience with SQL and UNIX would be a plus. These are full-time positions at 40 hours per week, with compensation being awarded on an hourly basis. You will learn how to build data sets and perform applied econometric analysis at Internet speed collaborating with economists, scientists, and product managers. These skills will translate well into writing applied chapters in your dissertation and provide you with work experience that may help you with placement. Roughly 85% of previous cohorts have converted to full time economics employment at Amazon. If you are interested, please send your CV to our mailing list at econ-internship@amazon.com. We are open to hiring candidates to work out of one of the following locations: Arlington, VA, USA | Bellevue, WA, USA | Seattle, WA, USA
US, WA, Seattle
The ASFS Team is hiring an Intern in Economics. We are looking for detail-oriented, organized, and responsible individuals who are eager to learn how to work with large and complicated data sets. Knowledge of econometrics and macroeconomics, as well as familiarity with Python, Matlab, or R is necessary. This is a full-time position at 40 hours per week, with compensation being awarded on an hourly basis. You will use internal and external data to estimate macroeconometric models to answer critical business questions, also you will have the opportunity to collaborate with economists and data scientists. Roughly 85% of interns from previous cohorts have converted to full time economics employment at Amazon. If you are interested, please send your CV to our mailing list at econ-internship@amazon.com. We are open to hiring candidates to work out of one of the following locations: Bellevue, WA, USA | New York City, NY, USA | Seattle, WA, USA
US, WA, Seattle
Amazon Web Services (AWS) is building a world-class marketing organization, and we are looking for an experienced Economist to join the central data and science organization for AWS Marketing. This candidate will develop innovative solutions to measure the return on marketing investments. They will work closely with business leaders, scientists, and engineers to translate business and functional requirements into concrete deliverables, including the design, development, testing, and deployment of innovative measurement solutions. They will interact with functional leaders owning events (e.g. re:Invent, summits, webinars), paid media (paid search, paid social, display), AWS-owned channels (email, website, console) as well as lead management organization to drive the development, fine-tuning and adoption of the consistent measurement framework across these diverse initiatives. We seek candidates with an entrepreneurial spirit who want to make a big impact on AWS growth. They will develop strong working relationships and thrive in a collaborative team environment. They will have the creativity, curiosity, and strong judgment to work on high-impact, high-visibility products to improve the experience of AWS leads and customers. Key job responsibilities - Apply your expertise in causal inference and ML to develop systems to measure B2B marketing impact - Develop and execute science products from concept, prototype to production incorporating feedback from customers, scientists and business leaders - Identify new opportunities for leveraging economic insights and models in the marketing space - Write technical white papers and business-facing documents to clearly explain complex technical concepts to audiences with diverse business/scientific backgrounds We are open to hiring candidates to work out of one of the following locations: Arlington, VA, USA | Austin, TX, USA | New York City, NY, USA | Seattle, WA, USA
US, CA, Irvine
The Campaign Measurement & Optimization (CMO) organization is looking for a Senior Economist interested in solving one of the most challenging business problems in marketing measurement and developing cutting-edge causal inference models using ML. Working with our team of data scientists, applied scientists, research scientists, and economists, this leader will help redefine scalable marketing measurement at Amazon and its subsidiaries. The Campaign Measurement & Optimization (CMO) organization’s mission is to be the most trusted source of measurement science solutions to drive marketing investment decisions across Amazon. The CMO team provides incrementality and efficiency measurement services to the marketing stakeholders across Amazon’s different business. CMO applies industry leading deep learning based causal inference models to measure effectiveness of marketing campaigns from these businesses worldwide. The impact and influence of the organization is tremendous, helping optimize spend decisions on a scale that exceeds many countries’ GDP. Our outputs shape Amazon product and marketing teams’ decisions and therefore how Amazon customers see, use, and value their experience with Amazon. This is a high-impact role with opportunities to develop econometric models, and analyze marketing effectiveness that contributes billions of dollars to the business. As a Senior Economist, you will be responsible for leading the design and development of the causal estimation models, measuring the incremental impact of multi-channel marketing portfolios, estimating the impact on sparse customer actions, and scaling measurement solutions for WW marketplaces. Unlike many companies who buy existing off-the-shelf marketing measurement systems, we are responsible for studying, designing, and building systems to serve Amazon’s suite of businesses. Our team members have an opportunity to be on the forefront of marketing measurement thought leadership by working on some of the most difficult problems in the industry with some of the best product managers, scientists, economists and software developers in the business. In this role, you will be a technical leader in Economics with significant scope, impact, and high visibility. You will lead strategic measurement science initiatives in CMO and across various marketing teams, scaling experimentation and development and deployment of the measurement science models, guide on causal estimation, and build frameworks for model validations. As a successful Economist, you are an analytical problem solver who enjoys diving into data, leads problem solving, guides development of new frameworks, is hands on with coding, is excited about investigations and algorithms, and can credibly interface between technical teams and business stakeholders. You are an expert in causal inference to solve business problems, preferably in observational studies. You are a hands-on innovator who can contribute to advancing Marketing measurement science. You will also coach and guide junior economists and scientists in the team to grow the team’s talent and scale the impact of your work. We are open to hiring candidates to work out of one of the following locations: Irvine, CA, USA | Seattle, WA, USA | Sunnyvale, CA, USA
US, WA, Bellevue
Economists at Amazon will be expected to work directly with our Chief Economists and senior management on key business problems faced in retail, international retail, cloud computing, third party merchants, search, Kindle, streaming video, and operations. Amazon economists will apply the frontier of economic thinking to market design, pricing, forecasting, program evaluation, online advertising and other areas. You will build econometric models, using our world class data systems, and apply economic theory to solve business problems in a fast moving environment. Economists at Amazon will be expected to develop new techniques to process large data sets, address quantitative problems, and contribute to design of automated systems around the company. Amazon.com strives to be Earth's most customer-centric company where people can find and discover anything they want to buy online. We hire the world's brightest minds, offering them a fast paced, technologically sophisticated and friendly work environment. We are open to hiring candidates to work out of one of the following locations: Bellevue, WA, USA
US, WA, Seattle
We are looking for detail-oriented, organized, and responsible individuals who are eager to learn how to work with large and complicated data sets. Some knowledge of econometrics, as well as basic familiarity with Python is necessary, and experience with SQL and UNIX would be a plus. These are full-time positions at 40 hours per week, with compensation being awarded on an hourly basis. You will learn how to build data sets and perform applied econometric analysis at Internet speed collaborating with economists, scientists, and product managers. These skills will translate well into writing applied chapters in your dissertation and provide you with work experience that may help you with placement. Roughly 85% of previous cohorts have converted to full time economics employment at Amazon. If you are interested, please send your CV to our mailing list at econ-internship@amazon.com. Key job responsibilities Learn the details of both existing LLM frameworks and state of the art causal inference tools leveraged by the Fees Science team. Dive deep into individual business use cases within the fees team. Deliver analyses of high-impact and accuracy that marry causal techniques with natural language prompts and outputs. A day in the life Reading papers in the causal and LLM literature. Deploying models and programming within Unix systems and AWS tools. Designing new experiments and datasets to be run in the framework they will develop, and checking output with scientists and business stakeholders. Writing high quality documentation and code artifacts. About the team Our Fees Science team is a mix of economists, applied scientists, data scientists, and engineers with a 5+ year history of providing scientific solutions within the Amazon fees space. We have had excellent experiences with interns, with multiple full-time offers extended to former interns after graduating. We value diverse backgrounds, rigorous thinking, and scientists who are excited to dive deeply into data and math. We are open to hiring candidates to work out of one of the following locations: Seattle, WA, USA
US, WA, Seattle
We are looking for detail-oriented, organized, and responsible individuals who are eager to learn how to work with large and complicated data sets. Some knowledge of econometrics, as well as basic familiarity with Python is necessary, and experience with SQL and UNIX would be a plus. These are full-time positions at 40 hours per week, with compensation being awarded on an hourly basis. You will learn how to build data sets and perform applied econometric analysis at Internet speed collaborating with economists, scientists, and product managers. These skills will translate well into writing applied chapters in your dissertation and provide you with work experience that may help you with placement. Roughly 85% of previous cohorts have converted to full time economics employment at Amazon. If you are interested, please send your CV to our mailing list at econ-internship@amazon.com. We are open to hiring candidates to work out of one of the following locations: Seattle, WA, USA
US, WA, Seattle
We are looking for detail-oriented, organized, and responsible individuals who are eager to learn how to work with large and complicated data sets. Some knowledge of econometrics, as well as basic familiarity with Python is necessary, and experience with SQL and UNIX would be a plus. These are full-time positions at 40 hours per week, with compensation being awarded on an hourly basis. You will learn how to build data sets and perform applied econometric analysis at Internet speed collaborating with economists, scientists, and product managers. These skills will translate well into writing applied chapters in your dissertation and provide you with work experience that may help you with placement. Roughly 85% of previous cohorts have converted to full time economics employment at Amazon. If you are interested, please send your CV to our mailing list at econ-internship@amazon.com. We are open to hiring candidates to work out of one of the following locations: Seattle, WA, USA