I think there's a lot of over-optimization, and that's kind of a problem across almost any sector you'd want to talk about where data is being used. You're kind of optimizing for a short-term equilibrium, and it's much hard to measure the long-term. It could be like these pills that are sold, the online service, or like a placebo effect. The market would say that people find online services fairly useful.
Nate Silver joins Tyler Cowen for a conversation on data, forecasting, My Bloody Valentine, the social value of gambling, Donald Trump and the presidential field, vacation advice, Supreme Court picks, the wisdom of Björk, and the most underrated statistic for finding good food.
Read a full transcript enhanced with helpful links, or watch the full video.
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