
Everything Is Predictable

The Beginning of Infinity
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The argument made by Bayes and Price is not that the world is intrinsically probabilistic or uncertain. Bayes was a believer in divine perfection; he was also an advocate of Isaac Newton’s work, which had seemed to suggest that nature follows regular and predictable laws. It is, rather, a statement—expressed both mathematically and philosophically—
... See moreNate Silver • The Signal and the Noise: Why So Many Predictions Fail-but Some Don't
Bayes’s theorem begins and ends with a probabilistic expression of the likelihood of a real-world event. It does not require you to believe that the world is intrinsically uncertain. It was invented in the days when the regularity of Newton’s laws formed the dominant paradigm in science. It does require you to accept, however, that your subjective
... See moreNate Silver • The Signal and the Noise: Why So Many Predictions Fail-but Some Don't
As an empirical matter, we all have beliefs and biases, forged from some combination of our experiences, our values, our knowledge, and perhaps our political or professional agenda. One of the nice characteristics of the Bayesian perspective is that, in explicitly acknowledging that we have prior beliefs that affect how we interpret new evidence, i
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