Buying and selling stocks – with real or play money – is a way to harness the wisdom of the crowd about questions like who is going to win a competition.
Capturing the public’s attention is about standing out in a crowd of influencers.
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Social influencers vie for public attention in a crowded market place. This makes the bold and the ruthless even more likely to opt for strategic dishonesty if it will further their interests.
Members of the public were more overconfident and less accurate in predicting the likely number of infections and deaths, but both groups missed the mark.
All predictions, whether scientific or political, include uncertainty.
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Whether you are predicting the outcome of an election or studying how effective a new drug is, there will always be some uncertainty. A margin of error is how statisticians measure that uncertainty.
As the old joke goes, it’s difficult to make predictions, especially about the future.
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His life’s work was asserting the humanity and history of the Bantu people, while proposing that the soul was able to bring knowledge of the past and of the future into the present.
Some people are growing weary with romantic and dystopian visions of the future. Instead, our focus is on now.
Monaco and Japan have some of the highest life expectancies in the world. But calculating an individual’s life expectancy will require taking data analysis several steps further.
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Predicting life expectancy remains in the realm of science fiction, but it may soon be possible. Are we prepared for such information? And who else would benefit from this knowledge?
Projections are often be repeatedly wrong. That’s because the models don’t learn from mistakes.
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Professor of Economics and Finance. Director of the Betting Research Unit and the Political Forecasting Unit at Nottingham Business School, Nottingham Trent University
Professor of Electrical and Electronic Engineering and Deputy Dean Research at Faculty of Engineering and Information Technology, The University of Melbourne