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Level two chaos is chaos that reacts to predictions about it, and therefore can never be predicted accurately. Markets, for example, are a level two chaotic system. What will happen if we develop a computer program that forecasts with 100 per cent accuracy the price of oil tomorrow? The price of oil will immediately…
In climate forecasting, the situation is more equivocal: the theory about the greenhouse effect is strong, which supports more complicated models. However, temperature data is very noisy, which argues against them. Which consideration wins out? We can address this question empirically, by evaluating the success and…
The official position of the USGS is even more emphatic: earthquakes cannot be predicted. “Neither the USGS nor Caltech nor any other scientists have ever predicted a major earthquake,” the organization’s Web site asserts.24 “They do not know how, and they do not expect to know how any time in the foreseeable future.”…