THE SIGNAL AND THE NOISE WHY SO MANY PREDICTIONS FAIL BUT SOME DONT

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The Signal And The Noise

Author : Nate Silver
ISBN : 9780143125082
Genre : Business & Economics
File Size : 39.18 MB
Format : PDF
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The founder of FiveThirtyEight.com challenges myths about predictions in subjects ranging from the financial market and weather to sports and politics, profiling the world of prediction to explain how readers can distinguish true signals from hype, in a report that also reveals the sources and societal costs of wrongful predictions.
Category: Business & Economics

The Signal And The Noise In 30 Minutes

Author :
ISBN : 1623150523
Genre : Bayesian statistical decision theory
File Size : 82.96 MB
Format : PDF
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The Signal and the Noise …in 30 Minutes is the essential guide to quickly understanding the fundamental components of prediction outlined in Nate Silver’s bestselling book, The Signal and the Noise: Why So Many Predictions Fail ¬– but Some Don’t. In The Signal and the Noise bestselling author, political analyst, and statistician Nate Silver investigates the fundamentals of forecasting and answers why too much information can be misleading. Exploring a variety of fields, ranging from politics to poker to Wall Street and global warming, Silver explores why some forecasts are successful and, perhaps more telling, why so many fail. Stressing the importance of acknowledging personal bias, Silver posits that better forecasters possess a superior understanding of uncertainty and are driven by truth and humility while overconfidence can lead to failure. Presenting a framework for what constitutes a good forecast, Silver provides insight and tools for understanding how to successfully utilize Big Data and decipher meaningful signals from random noise.
Category: Bayesian statistical decision theory

The Signal And The Noise In 30 Minutes

Author :
ISBN : 9781623150532
Genre : Business & Economics
File Size : 54.21 MB
Format : PDF, Docs
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The Signal and the Noise …in 30 Minutes is the essential guide to quickly understanding the fundamental components of prediction outlined in Nate Silver’s bestselling book, The Signal and the Noise: Why So Many Predictions Fail ¬– but Some Don’t. In The Signal and the Noise bestselling author, political analyst, and statistician Nate Silver investigates the fundamentals of forecasting and answers why too much information can be misleading. Exploring a variety of fields, ranging from politics to poker to Wall Street and global warming, Silver explores why some forecasts are successful and, perhaps more telling, why so many fail. Stressing the importance of acknowledging personal bias, Silver posits that better forecasters possess a superior understanding of uncertainty and are driven by truth and humility while overconfidence can lead to failure. Presenting a framework for what constitutes a good forecast, Silver provides insight and tools for understanding how to successfully utilize Big Data and decipher meaningful signals from random noise.
Category: Business & Economics

Summary And Analysis Of The Signal And The Noise Why So Many Predictions Fail But Some Don T

Author : Worth Books
ISBN : 9781504043694
Genre : Study Aids
File Size : 58.47 MB
Format : PDF, Mobi
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So much to read, so little time? This brief overview of The Signal and the Noise tells you what you need to know—before or after you read Nate Silver’s book. Crafted and edited with care, Worth Books set the standard for quality and give you the tools you need to be a well-informed reader. This short summary and analysis of The Signal and the Noise by Nate Silver includes: Historical context Chapter-by-chapter summaries Important quotes Fascinating trivia Glossary of terms Supporting material to enhance your understanding of the original work About The Signal and the Noise by Nate Silver: Drawing on groundbreaking research, The Signal and the Noise, written by the founder and editor-in-chief of FiveThirtyEight.com, examines how data has been used in prediction and forecasting, and how to find the true signals—the points that indicate that something will happen—amidst noisy and distracting data. Addressing different fields of forecasting and predictions—from politics to earthquakes to poker—Silver explores the reasons why some things are easier to forecast, like the weather, while others are so difficult, such as terrorism. From one of the country’s smartest thinkers. The Signal and the Noise provides vital insights into how to think about probability and predictions on the economy, climate change, sports, and other subjects that impact our lives. The summary and analysis in this ebook are intended to complement your reading experience and bring you closer to a great work of nonfiction.
Category: Study Aids

Superforecasting

Author : Philip E. Tetlock
ISBN : 9780804136709
Genre : Business & Economics
File Size : 40.78 MB
Format : PDF, ePub, Docs
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A New York Times Bestseller An Economist Best Book of 2015 "The most important book on decision making since Daniel Kahneman's Thinking, Fast and Slow." —Jason Zweig, The Wall Street Journal Everyone would benefit from seeing further into the future, whether buying stocks, crafting policy, launching a new product, or simply planning the week’s meals. Unfortunately, people tend to be terrible forecasters. As Wharton professor Philip Tetlock showed in a landmark 2005 study, even experts’ predictions are only slightly better than chance. However, an important and underreported conclusion of that study was that some experts do have real foresight, and Tetlock has spent the past decade trying to figure out why. What makes some people so good? And can this talent be taught? In Superforecasting, Tetlock and coauthor Dan Gardner offer a masterwork on prediction, drawing on decades of research and the results of a massive, government-funded forecasting tournament. The Good Judgment Project involves tens of thousands of ordinary people—including a Brooklyn filmmaker, a retired pipe installer, and a former ballroom dancer—who set out to forecast global events. Some of the volunteers have turned out to be astonishingly good. They’ve beaten other benchmarks, competitors, and prediction markets. They’ve even beaten the collective judgment of intelligence analysts with access to classified information. They are "superforecasters." In this groundbreaking and accessible book, Tetlock and Gardner show us how we can learn from this elite group. Weaving together stories of forecasting successes (the raid on Osama bin Laden’s compound) and failures (the Bay of Pigs) and interviews with a range of high-level decision makers, from David Petraeus to Robert Rubin, they show that good forecasting doesn’t require powerful computers or arcane methods. It involves gathering evidence from a variety of sources, thinking probabilistically, working in teams, keeping score, and being willing to admit error and change course. Superforecasting offers the first demonstrably effective way to improve our ability to predict the future—whether in business, finance, politics, international affairs, or daily life—and is destined to become a modern classic. From the Hardcover edition.
Category: Business & Economics

The Theory That Would Not Die

Author : Sharon Bertsch McGrayne
ISBN : 9780300175097
Genre : Mathematics
File Size : 81.83 MB
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Bayes rule appears to be a straightforward, one-line theorem: by updating our initial beliefs with objective new information, we get a new and improved belief. To its adherents, it is an elegant statement about learning from experience. To its opponents, it is subjectivity run amok. In the first-ever account of Bayes' rule for general readers, Sharon Bertsch McGrayne explores this controversial theorem and the human obsessions surrounding it. She traces its discovery by an amateur mathematician in the 1740s through its development into roughly its modern form by French scientist Pierre Simon Laplace. She reveals why respected statisticians rendered it professionally taboo for 150 years at the same time that practitioners relied on it to solve crises involving great uncertainty and scanty information, even breaking Germany's Enigma code during World War II, and explains how the advent of off-the-shelf computer technology in the 1980s proved to be a game-changer. Today, Bayes' rule is used everywhere from DNA de-coding to Homeland Security.Drawing on primary source material and interviews with statisticians and other scientists, The Theory That Would Not Die is the riveting account of how a seemingly simple theorem ignited one of the greatest controversies of all time.
Category: Mathematics

Naked Statistics Stripping The Dread From The Data

Author : Charles Wheelan
ISBN : 9780393089820
Genre : Mathematics
File Size : 70.30 MB
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“Brilliant, funny . . . the best math teacher you never had.”—San Francisco Chronicle Once considered tedious, the field of statistics is rapidly evolving into a discipline Hal Varian, chief economist at Google, has actually called “sexy.” From batting averages and political polls to game shows and medical research, the real-world application of statistics continues to grow by leaps and bounds. How can we catch schools that cheat on standardized tests? How does Netflix know which movies you’ll like? What is causing the rising incidence of autism? As best-selling author Charles Wheelan shows us in Naked Statistics, the right data and a few well-chosen statistical tools can help us answer these questions and more. For those who slept through Stats 101, this book is a lifesaver. Wheelan strips away the arcane and technical details and focuses on the underlying intuition that drives statistical analysis. He clarifies key concepts such as inference, correlation, and regression analysis, reveals how biased or careless parties can manipulate or misrepresent data, and shows us how brilliant and creative researchers are exploiting the valuable data from natural experiments to tackle thorny questions. And in Wheelan’s trademark style, there’s not a dull page in sight. You’ll encounter clever Schlitz Beer marketers leveraging basic probability, an International Sausage Festival illuminating the tenets of the central limit theorem, and a head-scratching choice from the famous game show Let’s Make a Deal—and you’ll come away with insights each time. With the wit, accessibility, and sheer fun that turned Naked Economics into a bestseller, Wheelan defies the odds yet again by bringing another essential, formerly unglamorous discipline to life.
Category: Mathematics

Weighing The Odds

Author : David Williams
ISBN : 052100618X
Genre : Mathematics
File Size : 64.88 MB
Format : PDF, Kindle
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Advanced textbook; many examples and exercises, often with hints or solutions; code provided for computational examples and simulations.
Category: Mathematics

The Physics Of Wall Street

Author : James Owen Weatherall
ISBN : 9780547618296
Genre : Business & Economics
File Size : 49.77 MB
Format : PDF
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A look inside the world of “quants” and how science can (and can’t) predict financial markets: “Entertaining and enlightening” (The New York Times). After the economic meltdown of 2008, Warren Buffett famously warned, “beware of geeks bearing formulas.” But while many of the mathematicians and software engineers on Wall Street failed when their abstractions turned ugly in practice, a special breed of physicists has a much deeper history of revolutionizing finance. Taking us from fin-de-siècle Paris to Rat Pack–era Las Vegas, from wartime government labs to Yippie communes on the Pacific coast, James Owen Weatherall shows how physicists successfully brought their science to bear on some of the thorniest problems in economics, from options pricing to bubbles. The crisis was partly a failure of mathematical modeling. But even more, it was a failure of some very sophisticated financial institutions to think like physicists. Models—whether in science or finance—have limitations; they break down under certain conditions. And in 2008, sophisticated models fell into the hands of people who didn’t understand their purpose, and didn’t care. It was a catastrophic misuse of science. The solution, however, is not to give up on models; it’s to make them better. This book reveals the people and ideas on the cusp of a new era in finance, from a geophysicist using a model designed for earthquakes to predict a massive stock market crash to a physicist-run hedge fund earning 2,478.6% over the course of the 1990s. Weatherall shows how an obscure idea from quantum theory might soon be used to create a far more accurate Consumer Price Index. The Physics of Wall Street will change how we think about our economic future. “Fascinating history . . . Happily, the author has a gift for making complex concepts clear to lay readers.” —Booklist
Category: Business & Economics

The Best American Infographics 2014

Author : Gareth Cook
ISBN : 9780547974552
Genre : Social Science
File Size : 83.54 MB
Format : PDF, ePub, Mobi
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Year two of this fresh, timely, beautiful addition to the Best American series, introduced by Nate Silver The rise of infographics across virtually all print and electronic media reveals patterns in our lives and worlds in fresh and surprising ways. As we find ourselves in the era of big data, where information moves faster than ever, infographics provide us with quick, often influential bursts of art and knowledge — to digest, tweet, share, go viral. Best American Infographics 2014 captures the finest examples, from the past year, of this mesmerizing new way of seeing and understanding our world. Guest introducer Nate Silver brings his unparalleled expertise and lively analysis to this visually compelling new volume.
Category: Social Science