Saturday, September 26, 2015

A New Uncertainty Principal

People who slightly and frequently adjust their estimates about how likely something is to happen, based on new information, are much more likely to end up calling events correctly than are people who don't change their mind ever or who flip-flop more dramatically.

Having an open mind means somebody is always trying to put things inside it. Some things that get inside change your mind. Now a study has proved that being rigidly certain of everything – of anything – makes a person less able to predict major world events.  By which I mean, correctly predict important shit.

Philip Tetlock  one of the scientists conducting the study,  said, "I would say that if you have a tool that can increase the accuracy of probability estimates — by 30, 40, 50, 60 percent— as much as has been demonstrated in the IARPA tournaments, it's worth investing many millions of dollars even to reduce, to a small degree, the probability of multitrillion-dollar mistakes."

So changing your mind about stuff is a good thing. Not to mention, having decent intelligence (in both the predictive and intellectual sense) would probably save lives.  

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