Predicting weather patterns using models is still far from trustworthy. Here is the prediction for March 2013 versus reality. The prediction was made only a few weeks beforehand.
Friday, April 19, 2013
Misled by models
A lot of the recent economic problems were due to believing models. In his "Black Swan" book, Nassim Taleb notes that investors are misled by models of risk.
Predicting weather patterns using models is still far from trustworthy. Here is the prediction for March 2013 versus reality. The prediction was made only a few weeks beforehand.
Predicting weather patterns using models is still far from trustworthy. Here is the prediction for March 2013 versus reality. The prediction was made only a few weeks beforehand.
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