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" There's always the risk that there are unknown unknowns. "
Nate Silver
Unknowns
Unknown
Always
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" Caesar recognized the omens, but he didn't believe they applied to him. "
Nate Silver
Him
Recognized
Believe
" 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
" 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
" In baseball you have terrific data and you can be a lot more creative with it. "
Nate Silver
Baseball
Data
Lot
" I'm a pro-horserace guy. "
Nate Silver
Guy
" 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
" Distinguishing the signal from the noise requires both scientific knowledge and self-knowledge. "
Nate Silver
Noise
Both
Knowledge
" When human judgment and big data intersect there are some funny things that happen. "
Nate Silver
Human
Happen
Funny
" I've become invested with this symbolic power. It really does transcend what I'm actually doing and what I actually deserve. "
Nate Silver
Become
Transcend
Power
" People still don't appreciate how ephemeral success is. "
Nate Silver
Success Is
People
Appreciate
" You don't want to influence the same system you are trying to forecast. "
Nate Silver
System
You
Trying
" Success makes you less intimidated by things. "
Nate Silver
Things
You
Intimidated
" 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
" I don't think you should limit what you read. "
Nate Silver
Limit
You
Think
" 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
" Well, you know, you're not going to have 86 percent of Congress voted out of office. "
Nate Silver
Well
You
Know
" I actually buy the paper version of The New York Times maybe once or twice a week. "
Nate Silver
New York
New
Maybe
" Any one game in baseball doesn't tell you that much, just as any one poll doesn't tell you that much. "
Nate Silver
Much
You
Tell
" We are living our lives more online and you need to have different ways to capture that. "
Nate Silver
Living
You
Online
" We're not that much smarter than we used to be, even though we have much more information - and that means the real skill now is learning how to pick out the useful information from all this noise. "
Nate Silver
Now
Skill
Real
" I've just always been a bit of a dork. "
Nate Silver
Just
Always
Been
" We must become more comfortable with probability and uncertainty. "
Nate Silver
Become
More
Uncertainty
" People gravitate toward information that implies a happier outlook for them. "
Nate Silver
Information
Happier
People
" I have the same friends and the same bad habits. "
Nate Silver
Habits
Bad
Bad Habits
" A lot of the time nothing happens in a day. "
Nate Silver
Nothing
Lot
Day
" We want to get 80%-85% of predictions right, not 100%. Or else we calibrated our estimates in the wrong way. "
Nate Silver
Right
Way
Want
" Voters memories will fade some. "
Nate Silver
Some
Fade
Memories
" I have to think about how to not spread myself too thin. It's a really great problem to have. "
Nate Silver
Problem
Thin
Think
" I think a lot of journal articles should really be blogs. "
Nate Silver
I Think
Journal
Lot
" I think there's space in the market for a half-dozen kind of polling analysts. "
Nate Silver
Think
Market
Space