ORTEC and EY have teamed up to sponsor The Econometric Game, a prestigious econometrics competition taking place from April 5 to April 7, 2017 in Amsterdam.
The Econometric Game – sometimes called the ‘World Championship of Econometrics’ – is organized by VSAE (the students’ association for actuarial sciences, econometrics and operational research) on behalf of the University of Amsterdam. The goal of the competition is to highlight the growing importance of data in today’s world.
This year marks the 18th edition of the game and will see hundreds of students from top universities around the world, including Harvard, Oxford and the London School of Economics, compete for the prize. Dutch universities will also be represented by teams from the University of Amsterdam, Tilburg University, Erasmus University Rotterdam, Maastricht University and Vrije Universiteit Amsterdam.
Innovative solutions for social problems
Competitors in The Econometric Game work in teams of four and spend three days tackling a major contemporary social question using a dataset, econometric methodologies, and scientific literature. On the final day, teams will present their breakthrough solutions to an independent jury of
professors. This year’s social problem will revolve around the theme of crime and safety. The actual problem and case will only be revealed at the start of the game, to ensure all teams have the same chance. Last year, Harvard took the first prize home followed by Warsaw School of Economics (second prize) and Erasmus University Rotterdam (third prize). ORTEC and EY partner up to emphasize the importance of big data
This is the third consecutive year that EY and ORTEC have sponsored the competition. In doing so, they are drawing attention to the increasingly important role of big data, analytics, and business intelligence for society as a whole. The study of econometrics, which brings together economics, mathematics, and computer science, is crucial to foster progress in these fields.
Avinash Ramkhelawan, Senior Manager Data and Analytics/EY: “EY is proud to be one of the official sponsors of The Econometric Game, making it possible for talented international students to find new insights for current global challenges. It is important to increase awareness about the role big data and analytics plays in solving these global challenges, which is highlighted specifically throughout this event. EY’s vision of creating the highest performing teams aligns strongly with the vision of The Econometric Game, where teamwork is key in finding new solutions to challenging problems. This event inspires top talent and increases data and analytics awareness, fitting perfectly into EY’s strategic goals, and thus
earning our support.”
Join the Debate @ Spui 25
The Econometric Game committee has created a data-week with events centered around the competition’s theme. Questions like “How can we use big data to maintain a safer world?” will not only be part of the Game itself, but will also be discussed at a debate on Monday April 3, 2017. Debate participants include professors from the University of Amsterdam, ORTEC’s Raymond van Es, EY experts, and a specialist from Amsterdam’s police department.