Quote

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

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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
Already
Information
Sense
Light
Good
Overrate
People
Weigh
Intuitive
Tend

More quotes by Nate Silver

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When human judgment and big data intersect there are some funny things that happen
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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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First of all, I think it's odd that people who cover politics wouldn't have any political views.
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I actually buy the paper version of The New York Times maybe once or twice a week.
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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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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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I think a lot of journal articles should really be blogs.
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Accountability doesn't mean apologizing.
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All I know is that I have way more stuff that I want to write about than I possibly have time to.
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I know it's cheaper to fund an op-ed columnist than a team of reporters, but I think it confuses the mission of what these great journalistic brands are about.
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I don't think that somebody who is observing or predicting behavior should also be participating in the 'experiment.'
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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.
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I don't think you should limit what you read.
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People gravitate toward information that implies a happier outlook for them.
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I have the same friends and the same bad habits.
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In baseball you have terrific data and you can be a lot more creative with it.
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I think people feel like there are all these things in our lives that we don't really have control over.
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I have to make sure that I make good choices and that if I put my name on it, it's a high-quality endeavor and that I have time to be a human being.
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If I had a spreadsheet on my computer, it looked like I was busy.
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Not only does political coverage often lose the signal—it frequently accentuates the noise.
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