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Thursday, November 22, 2012

Book Review: The Signal and the Noise by Nate Silver | Political Books

Book Review: The Signal and the Noise by Nate Silver | Political Books:

 "Silver breaks down the failures of prediction (it’s here that I want to note that Silver makes a distinction between prediction and forecast, but for purposes of this review I will use both loosely) into two spheres. First, there’s the human element which acknowledges that “your subjective perceptions of the world are approximations of the truth.” This is what makes it so damn hard to separate the signal from the noise, especially in a world where data grows almost exponentially. As Silver points out, nature’s laws don’t change, yet our ability to filter the data is hindered by our biases."

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