
Everything Is Predictable

As an empirical matter, we all have beliefs and biases, forged from some combination of our experiences, our values, our knowledge, and perhaps our political or professional agenda. One of the nice characteristics of the Bayesian perspective is that, in explicitly acknowledging that we have prior beliefs that affect how we interpret new evidence, i
... See moreNate Silver • The Signal and the Noise: Why So Many Predictions Fail-but Some Don't
We might notice how similar this claim is to the one that Bayes made in “Divine Benevolence,” in which he argued that we should not confuse our own fallibility for the failures of God. Admitting to our own imperfections is a necessary step on the way to redemption. However, there is nothing intrinsically religious about Bayes’s philosophy.27 Instea
... See moreNate Silver • The Signal and the Noise: Why So Many Predictions Fail-but Some Don't


