Blogging the Bookshelf

Blogging my bookshelf – one book at a time

Blogging the Bookshelf header image 4

Entries Tagged as 'Risk and Uncertainty'

Risk and Uncertainty – “The Signal and the Noise: The Art and Science of Prediction”, Nate Silver

November 16th, 2012 · Comments Off on Risk and Uncertainty – “The Signal and the Noise: The Art and Science of Prediction”, Nate Silver · Data, Prediction

Risk, as first articulated by the economist Frank H. Knight in 1921, is something that you can put a price on. Say that you’ll win a poker hand unless your opponent draws to an inside straight: the chances of that happening are exactly 1 chance in 11. This is risk. It is not pleasant when […]

[Read more →]

Tags:····