Statistical Tests for Replacing Human Decision Makers with Algorithms

The authors thank the editors and four anonymous referees, Brendan Beare, Bo Honore, Xiaohong Chen, Ron Gallant, Bruce Hansen, Peter Hansen, Bentley MacLeod, Jack Porter, Adam Rosen, Andres Santos, George Tauchen, Valentin Verdier, and participants at various seminars and conferences for insightful comments. The authors also thank Yichuan Zhang, Xin Lin, and Zhonghao Huang for excellent research assistance. This study was approved by the National Health Commission. Informed consents were obtained from all the NFPC participants.