On the impossibility of predicting the future

28 May, 2013 at 20:02 | Posted in Statistics & Econometrics | 1 Comment

 

About these ads

1 Comment »

RSS feed for comments on this post. TrackBack URI

  1. I predict that the person who use statistics and modelling to steer his movement in the world is going to get hit by a car.

    It would be nice if they tried to understand the here and now. If they tried to actually make society work, its not just something you found in nature, it is created and you are pissing in the labbspace. But it is ofcourse useful to know how economists are going to behave, having THAT knowledge is truly profitable.

    The thing about thermodynamics, you’ll find it pretty much everywhere in the universe. It is also just statistics. The thing about quantum is that the formula can take on any shape you like, mess around with constants until it fits doesn’t make the analogy relevant. It doesn’t mean your model predicts the future.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at WordPress.com. | The Pool Theme.
Entries and comments feeds.