
In "The Signal and the Noise," statistician Nate Silver reveals why predictions often fail and how to separate meaningful patterns from random noise. Hailed by The Wall Street Journal as essential nonfiction, this book transformed how we understand uncertainty in everything from weather forecasts to political elections.
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What if the experts we trust most are actually the worst at predicting the future? In 2008, credit rating agencies stamped AAA ratings on mortgage securities they deemed safer than government bonds-giving them a 0.12% chance of default. Within months, 28% had collapsed, proving 200 times riskier than predicted. This wasn't a minor miscalculation. It triggered a global financial meltdown that erased trillions in wealth and cost millions their homes and jobs. The truly maddening part? Economists like Robert Shiller had been sounding alarms for years. Google searches for "housing bubble" increased tenfold between 2004 and 2005. The warning signs blazed everywhere, yet the so-called experts with the best data missed them completely. This raises an uncomfortable question: if professionals with privileged access to information can fail so catastrophically, what does that say about our ability to predict anything at all?
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Creato da alumni della Columbia University a San Francisco

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