Quote

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

Change background

T
T
T

Change font

TAGS & TOPICS

Nate Silver
Age: 46
Born: 1978
Born: January 13
Journalist
Mathematician
Poker Player
Statistician
East Lansing
Michigan
Nathaniel Read Silver
Nathaniel Read Nate Silver
Good
Type
Arbitrary
Example
Instrument
Pretty
Dealing
Situation
Model
Choices
Instruments
Making
Financial
Wells
Models
Statistical
Well
Build
Respects

More quotes by Nate Silver

Image
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.
Nate Silver
Image
I think there's space in the market for a half-dozen kind of polling analysts.
Nate Silver
Image
You don't want to influence the same system you are trying to forecast.
Nate Silver
Image
I've become invested with this symbolic power. It really does transcend what I'm actually doing and what I actually deserve.
Nate Silver
Image
People have different ways of interpreting history.
Nate Silver
Image
Data scientist is just a sexed up word for statistician.
Nate Silver
Image
Not only does political coverage often lose the signal—it frequently accentuates the noise.
Nate Silver
Image
I don't think that somebody who is observing or predicting behavior should also be participating in the 'experiment.'
Nate Silver
Image
If there's a major foreign policy event, the President gets on TV, the Congress doesn't.
Nate Silver
Image
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
Image
You get steely nerves playing poker.
Nate Silver
Image
If I had a spreadsheet on my computer, it looked like I was busy.
Nate Silver
Image
I think a lot of journal articles should really be blogs.
Nate Silver
Image
Race is still the No. 1 determinant in every election.
Nate Silver
Image
Almost everyone's instinct is to be overconfident and read way too much into a hot or cold streak.
Nate Silver
Image
Any one game in baseball doesn't tell you that much, just as any one poll doesn't tell you that much.
Nate Silver
Image
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
Image
Accountability doesn't mean apologizing.
Nate Silver
Image
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
Image
Caesar recognized the omens, but he didn't believe they applied to him.
Nate Silver