Economists are often interested in estimating averages with respect to distributions of unobservables. Examples are moments of individual fixed-effects, average effects in discrete choice models, or counterfactual simulations in structural models. For such quantities, we propose and study...

Market risk management of financial derivatives requires the efficient calculation of their price sensitivities with respect to changes in market factors. This paper shows how a deep feed-forward neural network which has been trained for pricing derivative instruments can be efficiently used to...