Nate Silver is a Wunderkind. Not yet 35, Silver has already developed the leading statistical tool for assessing prospective professional baseball players, been consulted by the 2008 Obama presidential campaign to help assess the implications of opinion polls for the election’s outcome, writes a widely read New York Times blog and in 2009 was named by Time magazine as one of the 100 most influential people in the world. Along the way, and apparently in his spare time, Silver made more than $400,000 playing professional poker (before losing about a third of it and moving on). Silver’s initial foray into professional poker turned a $100 initial stake into $15,000, which was apparently enough to convince Silver to quit his day job, which has been to the benefit of the rest of us. Silver adds to this impressive list of accomplishments with the publication next week of his first book The Signal and the Noise: Why Most Predictions Fail – But Some Don't (Penguin USA).To read the rest head on over. Feel free to comment here or there.
This generally well-researched and ambitious book covers a lot of ground. It describes Silver’s evolution as a Fox (to use Philip Tetlock’s terminology favored by Silver) who is “tolerant of nuance, uncertainty, complexity, and dissenting opinion.” Silver discusses prediction in sports, geosciences, economics, politics and health. He clearly has done lots of reading in the academic literature. In most of these chapters he has tracked down and spoken to the characters that show up in the book -- a nice touch for a work that combines analysis with a bit of reporting. I’m not one of those characters, but I did engage in a long phone conversation with Silver while he was researching the book to discuss various aspects of prediction. In our discussion, I was impressed by his thoroughness and attention to detail, and have been looking forward to the final product.
18 September 2012
Book Review: The Signal and the Noise
@fiverthirtyeight) new book, The Signal and the Noise. Here is how it starts out: