Quote of the day | 1224
We learn that while more statistics per capita are collected for baseball than perhaps any other human activity, seasoned scouts still surpass algorithms in predicting the performance of players. Since poker depends as much on luck as on skill, professionals make a living by having well-heeled amateurs at the table. The lesson from a long chapter on earthquakes is that while we’re good at measuring them, they’re “not really predictable at all.” Much the same caution holds for economists, whose forecasts of next year’s growth are seldom correct. Their models may be elegant, Silver says, but “their raw data isn’t much good.”
Andrew Hacker, ‘How He Got it Right’
[x]#10598 fan maandag 24 december 2012 @ 11:26:27
