Cover of: The Signal and the Noise by Nate Silver
An edition of The Signal and the Noise (2012)

The Signal and the Noise

Why So Many Predictions Fail--but Some Don't

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Last edited by ImportBot
September 27, 2022 | History
An edition of The Signal and the Noise (2012)

The Signal and the Noise

Why So Many Predictions Fail--but Some Don't

  • 3.79 ·
  • 39 Ratings
  • 60 Want to read
  • 2 Currently reading
  • 42 Have read
Publish Date
Publisher
Penguin Press
Language
English

Previews available in: English

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 uncertainty. Both experts and laypeople mistake more confident predictions for more accurate ones. But overconfidence is often the reason for failure. If our appreciation of uncertainty improves, our predictions can get better too. This is the “prediction paradox”: The more humility we have about our ability to make predictions, the more successful we can be in planning for the future.

In keeping with his own aim to seek truth from data, Silver visits the most successful forecasters in a range of areas, from hurricanes to baseball, from the poker table to the stock market, from Capitol Hill to the NBA. He explains and evaluates how these forecasters think and what bonds they share. What lies behind their success? Are they good—or just lucky? What patterns have they unraveled? And are their forecasts really right? He explores unanticipated commonalities and exposes unexpected juxtapositions. And sometimes, it is not so much how good a prediction is in an absolute sense that matters but how good it is relative to the competition. In other cases, prediction is still a very rudimentary—and dangerous—science.

Silver observes that the most accurate forecasters tend to have a superior command of probability, and they tend to be both humble and hardworking. They distinguish the predictable from the unpredictable, and they notice a thousand little details that lead them closer to the truth. Because of their appreciation of probability, they can distinguish the signal from the noise.

With everything from the health of the global economy to our ability to fight terrorism dependent on the quality of our predictions, Nate Silver’s insights are an essential read.

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Edition Availability
Cover of: The signal and the noise
The signal and the noise
2013, Penguin
Paperback
Cover of: The Signal and the Noise
The Signal and the Noise: Why So Many Predictions Fail--but Some Don't
2012, Penguin Press
Hardcover in English
Cover of: The signal and the noise
The signal and the noise: The art and science of prediction
2012, Penguin Books
Hardcover in English
Cover of: The signal and the noise : why so many predictions fail--but some don't

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Book Details


Published in

New York

Edition Notes

Includes bibliographical references and index.

Classifications

Dewey Decimal Class
519.5/42
Library of Congress
CB158 .S54 2012

The Physical Object

Format
Hardcover
Pagination
534p.

ID Numbers

Open Library
OL25372566M
Internet Archive
signalnoisewhymo00silv
ISBN 13
9781594204111
LCCN
2012027308

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History

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September 27, 2022 Edited by ImportBot import existing book
October 22, 2021 Edited by ImportBot import existing book
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August 3, 2020 Edited by ImportBot import existing book
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