Re:Will Democracy Survive Big Data and Artificial Intelligence?
by wskinner on Sunday February 26, 2017 @03:54PM
(#13739796)
I wouldn't place too much stake in predictions made by experts. There is evidence that these may be far less accurate than we'd like to think, even for very near events. See http://press.princeton.edu/titles/7959.html. This research was also discussed in Thinking Fast and Slow.
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Re:Will Democracy Survive Big Data and Artificial Intelligence?
by Houshalter on Sunday February 26, 2017 @09:14PM
(#13741349)
Individual experts may make very inaccurate predictions, sure. But averaged together you get the wisdom of crowds effect.
Re:Will Democracy Survive Big Data and Artificial Intelligence?
by wskinner on Monday February 27, 2017 @06:23PM
(#13749551)
Only if those experts' individual inaccuracies are uncorrelated - which for public intellectuals, they will probably always be. See https://en.wikipedia.org/wiki/The_Wisdom_of_Crowds#Failures_...