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Are GNN+RL methods superior to existing algorithms for economic computational problems?

Establish whether graph neural network and reinforcement learning methods are necessarily superior to existing methods for solving a diversity of computational problems in economics.

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Background

The paper introduces a demonstration of graph neural networks (GNNs) combined with reinforcement learning (RL) for a toy infrastructure-upgrade problem and compares them to other approximate methods. While the demo highlights scalability advantages, the authors explicitly refrain from claiming superiority over established approaches.

They note that determining superiority across economic computational problems is an early-stage, active research topic and explicitly state that it remains to be shown whether these methods are necessarily superior. This frames a broad open question about performance dominance and applicability across tasks in economics.

References

At the time of writing, the vast majority of work using these methods is in computer science and non-economic applications (e.g., in fields like molecular biology and operations research). In this section, my aim is not to argue that these methods are necessarily superior to existing methods for solving a diversity of computational problems in economics, something that is an active area of research in its early stages and remains to be shown.

Deep Learning for Economists (2407.15339 - Dell, 22 Jul 2024) in Section “Graph Neural Networks and Reinforcement Learning” (label Sec:gnnRL)