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Nate Silver Quotes: ...the ratings agencies' problem was in being unable or uninterested in appreciating the distinction between risk and uncertainty.
         

...the ratings agencies' problem was in being unable or uninterested in appreciating the distinction between risk and uncertainty.


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...the ratings agencies' problem was in being unable or uninterested in appreciating the distinction between risk and uncertainty.
         



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There's always the risk that there are unknown unknowns.

There's always the risk that there are unknown unknowns.



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Almost everyone's instinct is to be overconfident and read way too much into a hot or cold streak.



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We're not that much smarter than we used to be, even though we have much more information - and that means the real skill now is learning how to pick out the useful information from all this noise.



New ideas are sometimes found in the most granular details of a problem where few others bother to look.

New ideas are sometimes found in the most granular details of a problem where few others bother to look.



We must become more comfortable with probability and uncertainty.

We must become more comfortable with probability and uncertainty.



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The quest for certainty in forecasting outcomes can be the enemy of progress.

The quest for certainty in forecasting outcomes can be the enemy of progress.



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When human judgment and big data intersect there are some funny things that happen



Data scientist is just a sexed up word for statistician.

Data scientist is just a sexed up word for statistician.



On average, people should be more skeptical when they see numbers. They should be more willing to play around with the data themselves.

On average, people should be more skeptical when they see numbers. They should be more willing to play around with the data themselves.





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Quote Description


This page presents the quote "...the ratings agencies' problem was in being unable or uninterested in appreciating the distinction between risk and uncertainty.". Author of this quote is Nate Silver. This quote is about ratings, uncertainty, prediction, risk,.