

The Intelligence Squared Economic Outlook, with Tim Harford, Part Two
5 snips Dec 6, 2024
Tim Harford, Senior Economist for the Financial Times and author of "How to Make the World Add Up," dives into the pressing economic challenges and opportunities we face. He examines the dual impact of AI on job markets, showcasing how technology reshapes roles instead of merely replacing them. Harford also discusses the paradox of forecasting, emphasizing the tension between predictions and their practical utility, while addressing the complexities of opinion polling during elections. His insights promise a compelling roadmap for navigating the future economy.
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Opinion Polling Challenges
- Opinion polls are challenging to conduct accurately.
- Pollsters infer from small, systematically different samples, making precise predictions difficult.
Leicester City's Unforeseen Win
- Tim Harford recounts Leicester City's unexpected Premiership win.
- He questions the value of forecasts when initial predictions prove completely wrong.
The Unactionable Pandemic Prediction
- A scientist accurately predicted a pandemic in 2019.
- However, the prediction's lack of specific timing made it unusable.