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" 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
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" I have the same friends and the same bad habits. "
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Bad
Bad Habits
" I think punditry serves no purpose. "
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I Think
Think
" Actually, one of the better indicators historically of how well the stock market will do is just a Gallup poll, when you ask Americans if you think it's a good time to invest in stocks, except it goes the opposite direction of what you would expect. When the markets going up, it in fact makes it more prone toward decline. "
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Better
Good
Direction
" I don't think that somebody who is observing or predicting behavior should also be participating in the 'experiment.' "
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Experiment
Think
Behavior
" Walk rate is probably the area in which a pitcher has the most room to improve, but a rate that high is tough to overcome. "
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Tough
Improve
Walk
" The Protestant Reformation had a lot to do with the printing press, where Martin Luther's theses were reproduced about 250,000 times, and so you had widespread dissemination of ideas that hadn't circulated in the mainstream before. "
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Where
Lot
Ideas
" If I had a spreadsheet on my computer, it looked like I was busy. "
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Busy
Computer
Looked
" I've become invested with this symbolic power. It really does transcend what I'm actually doing and what I actually deserve. "
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Become
Transcend
Power
" The public is even more pessimistic about the economy than even the most bearish economists are. "
Nate Silver
Economists
More
Most
" We're living in a world where Google beats Gallup. "
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Where
World
Beats
" Success makes you less intimidated by things. "
Nate Silver
Things
You
Intimidated
" All I know is that I have way more stuff that I want to write about than I possibly have time to. "
Nate Silver
Time
Know
More
" When you try to predict future E.R.A.'s with past E.R.A.'s, you're making a mistake. "
Nate Silver
Predict
Mistake
You
" We must become more comfortable with probability and uncertainty. "
Nate Silver
Become
More
Uncertainty
" 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
" 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
" Well the way we perceive accuracy and what accuracy is statistically are really two different things. "
Nate Silver
Accuracy
Different
Two
" 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
" Midterm elections can be dreadfully boring, unfortunately. "
Nate Silver
Elections
Unfortunately
Boring
" When human judgment and big data intersect there are some funny things that happen. "
Nate Silver
Human
Happen
Funny
" Whenever you have dynamic interactions between 300 million people and the American economy acting in really complex ways, that introduces a degree of almost chaos theory to the system, in a literal sense. "
Nate Silver
People
Acting
You
" I think people feel like there are all these things in our lives that we don't really have control over. "
Nate Silver
Like
Think
Feel
" You get steely nerves playing poker. "
Nate Silver
Nerves
Poker
You
" A lot of the time nothing happens in a day. "
Nate Silver
Nothing
Lot
Day
" A lot of things can't be modeled very well. "
Nate Silver
Very
Modeled
Lot
" There's always the risk that there are unknown unknowns. "
Nate Silver
Unknowns
Unknown
Always
" 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
" I think a lot of journal articles should really be blogs. "
Nate Silver
I Think
Journal
Lot
" You don't want to influence the same system you are trying to forecast. "
Nate Silver
System
You
Trying
" Every four years in the presidential election, some new precedent is broken. "
Nate Silver
New
Years
Some