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    Inhaltsangabe

    Updated for 2020 with a New Preface by Nate Silver

    "One of the more momentous books of the decade." (The New York Times Book Review)

    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 30. He solidified his standing as the nation's foremost political forecaster with his near perfect prediction of the 2012 election. Silver is the founder and editor in chief of the website FiveThirtyEight. 

    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 to global pandemics, 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 listen. 

    ©2012 Nate Silver (P)2012 Penguin Audio

    Kritikerstimmen

    "Nate Silver's The Signal and the Noise is The Soul of a New Machine for the 21st century." (Rachel Maddow, author of Drift)

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    Gesamt
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    • Gesamt
      3 out of 5 stars
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      2 out of 5 stars
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      3 out of 5 stars

    Boring at times, interesting sections

    Very interesting some of the time but often way too much detail given Eg long passages about baseball batting averages and the like. Thought provoking nonetheless.

    2 Leute fanden das hilfreich

    • Gesamt
      4 out of 5 stars
    • Sprecher
      5 out of 5 stars
    • Geschichte
      4 out of 5 stars

    interesting

    offers some interesting points though sometimes lacks some deeper understanding. Financial Markets are not really good understood by the author, and calling US Intelligence a "success story" seems a bit blind...
    But overall a really interesting insight and well written! Definately worth listening!

    • Gesamt
      4 out of 5 stars
    • Sprecher
      4 out of 5 stars
    • Geschichte
      4 out of 5 stars

    Rather pedestrian

    Nothing much new in substance for someone who has some understanding of probabilistic thinking, but interesting profiles of persons involved.

    1 Person fand das hilfreich