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May 01 2013

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The Signal and the Noise: Why So Many Predictions Fail — but Some Don’t

 

“Nate Silver’s The Signal and the Noise is The Soul of a New Machine for the 21st century.” —Rachel Maddow, author of Drift Nate Silver built an innovative system for predicting baseball performance, predicted the 2008 election within a hair’s breadth, and became a national sensation as a blogger—all by the time he was thirty. The New York Times now publishes FiveThirtyEight.com, where Silver is one of the nation’s most influential political forecasters. Drawing on his own groundbreaking work, Silver examines the world of prediction, investigating how we can distinguish a true signal from a universe of noisy data. Most predictions fail, often at great cost to society, because most of us have a poor understanding of probability and u

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