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Economy is not baseball, where the game is always played by the same rules.
Nate Silver
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Nate Silver
Age: 46
Born: 1978
Born: January 13
Journalist
Mathematician
Poker Player
Statistician
East Lansing
Michigan
Nathaniel Read Silver
Nathaniel Read Nate Silver
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Economy
Games
Always
Played
Rules
Baseball
More quotes by Nate Silver
I think a lot of journal articles should really be blogs.
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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.
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Data scientist is just a sexed up word for statistician.
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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.
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Basically, books were a luxury item before the printing press.
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Not only does political coverage often lose the signal—it frequently accentuates the noise.
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First of all, I think it's odd that people who cover politics wouldn't have any political views.
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Caesar recognized the omens, but he didn't believe they applied to him.
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I think there's space in the market for a half-dozen kind of polling analysts.
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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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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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Race is still the No. 1 determinant in every election.
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To the extent that you can find ways where you're making predictions, there's no substitute for testing yourself on real-world situations that you don't know the answer to in advance.
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You get steely nerves playing poker.
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Every day, three times per second, we produce the equivalent of the amount of data that the Library of Congress has in it's entire print collection, right? But most of it is like cat videos on YouTube or thirteen-year-olds exchanging text messages about the next 'Twilight' movie.
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We're living in a world where Google beats Gallup.
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The public is even more pessimistic about the economy than even the most bearish economists are.
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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.
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Distinguishing the signal from the noise requires both scientific knowledge and self-knowledge.
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If there's a major foreign policy event, the President gets on TV, the Congress doesn't.
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