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" I was looking for something like baseball, where there's a lot of data and the competition was pretty low. That's when I discovered politics. "
Nate Silver
Competition
Looking
Politics
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" There's always the risk that there are unknown unknowns. "
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Unknown
Always
" Any one game in baseball doesn't tell you that much, just as any one poll doesn't tell you that much. "
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You
Tell
" By playing games you can artificially speed up your learning curve to develop the right kind of thought processes. "
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Speed
You
Up
" First of all, I think it's odd that people who cover politics wouldn't have any political views. "
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Politics
Think
Political
" The public is even more pessimistic about the economy than even the most bearish economists are. "
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Most
" I'm a pro-horserace guy. "
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" A lot of news is just entertainment masquerading as news. "
Nate Silver
Entertainment
Just
News
" A lot of journalism wants to have what they call objectivity without them having a commitment to pursuing the truth, but that doesn't work. Objectivity requires belief in and a commitment toward pursuing the truth - having an object outside of our personal point of view. "
Nate Silver
Truth
Commitment
Work
" You can build a statistical model and that's all well and good, but if you're dealing with a new type of financial instrument, for example, or a new type of situation - then the choices you're making are pretty arbitrary in a lot of respects. "
Nate Silver
Financial
Choices
Situation
" The thing that people associate with expertise, authoritativeness, kind of with a capital 'A,' don't correlate very well with who's actually good at making predictions. "
Nate Silver
Expertise
Good
Kind
" I have to make sure that I make good choices and that if I put my name on it, it's a high-quality endeavor and that I have time to be a human being. "
Nate Silver
Human
Sure
Time
" I prefer more to kind of show people different things than tell them 'oh, here's what you should believe' and, over time, you can build up a rapport with your audience. "
Nate Silver
You
Time
People
" Every day, three times per second, we produce the equivalent of the amount of data that the Library of Congress has in its entire print collection, right? But most of it is like cat videos on YouTube or 13-year-olds exchanging text messages about the next Twilight movie. "
Nate Silver
Every Day
Library
Three
" You don't want to treat any one person as oracular. "
Nate Silver
Treat
Any
Want
" You don't want to influence the same system you are trying to forecast. "
Nate Silver
System
You
Trying
" If there's a major foreign policy event, the President gets on TV, the Congress doesn't. "
Nate Silver
Policy
Foreign Policy
Event
" I have the same friends and the same bad habits. "
Nate Silver
Habits
Bad
Bad Habits
" When you get into statistical analysis, you don't really expect to achieve fame. Or to become an Internet meme. Or be parodied by 'The Onion' - or be the subject of a cartoon in 'The New Yorker.' I guess I'm kind of an outlier there. "
Nate Silver
Fame
Internet
Kind
" In politics people build whole reputations off of getting one thing right. "
Nate Silver
Politics
Right
Build
" Every four years in the presidential election, some new precedent is broken. "
Nate Silver
New
Years
Some
" If you have reason to think that yesterday's forecast went wrong, there is no glory in sticking to it. "
Nate Silver
Think
Reason
Glory
" Well, you know, you're not going to have 86 percent of Congress voted out of office. "
Nate Silver
Well
You
Know
" On average, people should be more skeptical when they see numbers. They should be more willing to play around with the data themselves. "
Nate Silver
More
Data
Play
" The problem is that when polls are wrong, they tend to be wrong in the same direction. If they miss in New Hampshire, for instance, they all miss on the same mistake. "
Nate Silver
Problem
Direction
Wrong
" If I had a spreadsheet on my computer, it looked like I was busy. "
Nate Silver
Busy
Computer
Looked
" If you're keeping yourself in the bubble and only looking at your own data or only watching the TV that fits your agenda then it gets boring. "
Nate Silver
Yourself
Boring
Data
" Well the way we perceive accuracy and what accuracy is statistically are really two different things. "
Nate Silver
Accuracy
Different
Two
" We are living our lives more online and you need to have different ways to capture that. "
Nate Silver
Living
You
Online
" The key to making a good forecast is not in limiting yourself to quantitative information. "
Nate Silver
Making
Yourself
Key
" People don't have a good intuitive sense of how to weigh new information in light of what they already know. They tend to overrate it. "
Nate Silver
Know
Light
Information