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Memes tagged “predictions”

1–10 of 10

Climate Forecasts vs Projections

"Projections are essential for giving us information on long-term trends, but the timescale is beyond what many policy makers (and the public) consider to be relevant to their decision-making processes. Climate forecasts seek to address this issue by providing information on a shorter term (decadal) that can be used…

Why Economists Will Continue to be Wrong

Carter had initially used arbitrary parameters in his perfect model to generate perfect data, but now, in order to assess his model in a realistic way, he threw those parameters out and used standard calibration techniques to match his perfect model to his perfect data. It was supposed to be a formality--he assumed…

Prediction Errors for the Information Age

Perhaps the best way to describe the flawed vision of fin de siecle futurists is to say that, with few exceptions, they expected the coming of an ''immaculate'' economy -- one in which people would be largely emancipated from any grubby involvement with the physical world. The future, everyone insisted, would bring an…

Bayes and Richard Price on Predictions

Bayes’s much more famous work, “An Essay toward Solving a Problem in the Doctrine of Chances,”24 was not published until after his death, when it was brought to the Royal Society’s attention in 1763 by a friend of his named Richard Price. It concerned how we formulate probabilistic beliefs about the world when we…

All Models are Wrong, but some models are useful

As the statistician George E. P. Box wrote, “All models are wrong, but some models are useful.”90 What he meant by that is that all models are simplifications of the universe, as they must necessarily be. As another mathematician said, “The best model of a cat is a cat.”91 Everything else is leaving out some sort of…

Evolution Predicts the Flowering of Mustard Plants

Here’s another prediction: under prolonged drought, natural selection will lead to the evolution of plants that flower earlier than their ancestors. This is because, during a drought, soils dry out quickly after the rains. If you’re a plant that doesn’t flower and produce seeds quickly in a drought, you leave no…

1889 Prediction That Has Almost Come True

We may indeed live yet to see, or at least we may feel some confidence that those who come after us will see, such bodies as oxygen and hydrogen in the liquid, perhaps even in the solid state, and the question of their metallic or non-metallic nature thereby finally settled.

Common Sense Doesn't Work With Science

Common sense … has the very curious property of being more correct retrospectively than prospectively. It seems to me that one of the principal criteria to be applied to successful science is that its results are almost always obvious retrospectively; unfortunately, they seldom are prospectively. Common sense provides…