{"id":103063,"date":"2023-05-22T11:24:21","date_gmt":"2023-05-22T15:24:21","guid":{"rendered":"https:\/\/www.shortform.com\/blog\/?p=103063"},"modified":"2023-05-28T13:18:05","modified_gmt":"2023-05-28T17:18:05","slug":"you-cant-predict-the-future","status":"publish","type":"post","link":"https:\/\/www.shortform.com\/blog\/you-cant-predict-the-future\/","title":{"rendered":"The Top 3 Reasons Why You Can&#8217;t Predict the Future"},"content":{"rendered":"\n<p>Why is it hard to make predictions? How can you tell what the future has in store for you?<\/p>\n\n\n\n<p>According to <em>The Signal and the Noise<\/em> by Nate Silver, prediction is an inherently challenging endeavor. He explores how insufficient information, system complexity, and the tendency of small errors to compound all limit the accuracy of predictions.<\/p>\n\n\n\n<p>Here&#8217;s why you can&#8217;t <a href=\"https:\/\/www.shortform.com\/blog\/no-one-can-predict-the-future\/\">predict the future<\/a> and the challenges you&#8217;ll face when attempting to.<\/p>\n\n\n\n<!--more-->\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1-we-often-lack-sufficient-information\">1. <strong>We Often Lack Sufficient Information<\/strong><\/h2>\n\n\n\n<p>The first reason why you can&#8217;t predict the future is that you might be lacking sufficient information. To make good predictions, Silver says, <strong>you need information about the phenomenon you\u2019re trying to predict as well as a good understanding of how that phenomenon works<\/strong>. For example, today\u2019s meteorologists have abundant information about atmospheric conditions as well as a good understanding of the physical laws by which those conditions develop. Accordingly, Silver says, they can make reasonably accurate predictions about the weather.&nbsp;<\/p>\n\n\n\n<p>(Shortform note: Though Silver regards meteorology as a relatively successful field when it comes to predictions, some scientists suggest that climate change may have affected the accuracy of weather forecasts since <em>The Signal and the Noise<\/em> was published in 2012. Specifically, one study suggests that <a href=\"https:\/\/www.sciencedaily.com\/releases\/2019\/03\/190322105718.htm\" target=\"_blank\" rel=\"noreferrer noopener\">shifting temperature patterns have made it harder to predict summer precipitation<\/a>\u2014which could in turn make it harder to predict <a href=\"https:\/\/www.nytimes.com\/live\/2021\/07\/16\/world\/europe-flooding-germany\" target=\"_blank\" rel=\"noreferrer noopener\">catastrophic floods<\/a> such as those that afflicted large portions of Europe in 2021.)<\/p>\n\n\n\n<p>The problem is that in many situations, <strong>we don\u2019t have much useful data to go on<\/strong>. Silver illustrates this point by comparing meteorology to seismology, explaining that seismologists have no way to predict the timing, location, or strength of specific earthquakes. That\u2019s because earthquakes happen rarely and on a geological timescale, which makes it hard to discern any patterns that might be at play. And whereas meteorologists can directly observe atmospheric conditions, there\u2019s no way to measure factors such as the pressures currently at work on a given fault line nor to foresee future tectonic activity.<\/p>\n\n\n\n<p>(Shortform note: Seismology also highlights a related problem\u2014sometimes we\u2019re not even sure how to <a href=\"https:\/\/www.shortform.com\/blog\/how-to-interpret-data\/\">interpret the data<\/a> we do have because we don\u2019t have a sufficient <em>theory<\/em> about how a given phenomenon works. For example, though geologists agree that earthquakes result from ruptures along tectonic fault lines, <a href=\"https:\/\/www.sciencedaily.com\/releases\/2020\/10\/201013101630.htm\" target=\"_blank\" rel=\"noreferrer noopener\">they\u2019re still not sure why some ruptures release energy more quickly (and dangerously) than others<\/a>. So even if we suddenly had much more <em>information <\/em>about earthquakes and the forces that drive them, it might take a while to develop a workable theory that could turn that information into reliable predictions.)<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2-many-systems-are-too-complex-to-fully-understand\">2. <strong>Many Systems Are Too Complex to Fully Understand<\/strong><\/h2>\n\n\n\n<p>Also, Silver argues that even when we have rich data and a good understanding of the underlying principles, many systems still defy accurate prediction because of their inherent complexity. Silver discusses economic forecasts\u2014which he says are notoriously unreliable\u2014to lay out several ways <a href=\"https:\/\/www.shortform.com\/blog\/complicated-system\/\">complex systems<\/a> hinder forecasting:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>They blur cause and effect<\/strong>, making it hard to determine root causes. For example, unemployment leads to a lack of consumer demand, which causes companies to scale down production and cut their workforces\u2014which raises unemployment.<\/li><li><strong>They contain <a href=\"https:\/\/www.shortform.com\/blog\/feedback-loop-meaning\/\">feedback loops<\/a><\/strong> that complicate their behaviors. For instance, employers, consumers, and politicians all make decisions based on <a href=\"https:\/\/www.shortform.com\/blog\/economic-forecasting-methods\/\">economic forecasts<\/a>, which means that the forecasts themselves can change the outcomes they\u2019re meant to predict.<\/li><li><strong>Their rules and current status are unclear<\/strong>. Silver points out that economists don\u2019t agree on what indicators might predict recessions; moreover, they often don\u2019t realize when the economy is <em>already<\/em> in a recession (only recognizing that after the fact).<\/li><\/ul>\n\n\n\n<p>(Shortform note: <a href=\"https:\/\/www.worldbank.org\/en\/news\/press-release\/2022\/06\/29\/covid-19-drives-global-surge-in-use-of-digital-payments\" target=\"_blank\" rel=\"noreferrer noopener\">With online banking and digital payments becoming ever more common<\/a>, some experts argue that economic forecasters may be starting to improve on these weaknesses. Since the Covid-19 pandemic, <a href=\"https:\/\/www.economist.com\/leaders\/2021\/10\/23\/a-real-time-revolution-will-up-end-the-practice-of-macroeconomics\" target=\"_blank\" rel=\"noreferrer noopener\">economists have relied more heavily on real-time data<\/a> to glean an up-to-the-minute understanding of factors such as consumer behaviors and supply chain delays. This improved understanding may help them to better discern the current state of the economy and to untangle the complicated causal and feedback loops Silver describes.)<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3-small-errors-compound\"><strong>3. Small Errors Compound<\/strong><\/h2>\n\n\n\n<p>Finally, Silver explains that even when you have good data and you\u2019re not dealing with an inherently unpredictable system like the economy, your predictions are still limited by the fact that even <strong>minuscule mistakes in the predictive process compound into large errors over time<\/strong>. Silver argues that this principle of compounding error is at work even in fields with relatively accurate predictions, such as meteorology. Because each day\u2019s weather depends on the previous day\u2019s conditions, even the smallest inaccuracy in the initial data you plug into a simulation will add up to big discrepancies over time. Silver says that\u2019s why weather forecasts are generally accurate a few days out but become increasingly unreliable the further into the future they try to predict.<\/p>\n\n\n\n<p>(Shortform note: In fact, the current scientific consensus suggests that perfect long-range predictions may never be possible in any field. That\u2019s because, as we\u2019ve discussed, accurate predictions rely on accurate theory and accurate observations\u2014and there may be a fundamental limitation on the latter. In <a href=\"https:\/\/www.shortform.com\/app\/book\/a-brief-history-of-time\/\" target=\"_blank\" rel=\"noreferrer noopener\"><em>A Brief History of Time<\/em><\/a>, Stephen Hawking explains that <a href=\"https:\/\/www.shortform.com\/app\/book\/a-brief-history-of-time\/question-2#quantum-uncertainty\" target=\"_blank\" rel=\"noreferrer noopener\">the nature of physics <em>guarantees<\/em> a degree of uncertainty in our measurements<\/a>, which means that even if we had a perfect theory of physics (which we don\u2019t), we\u2019d <em>still<\/em> be unable to perfectly predict the future because we\u2019d be unable to accurately measure the current conditions\u2014a fact that, as Silver explains, would lead to compounding errors down the line.)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why is it hard to make predictions? How can you tell what the future has in store for you? According to The Signal and the Noise by Nate Silver, prediction is an inherently challenging endeavor. He explores how insufficient information, system complexity, and the tendency of small errors to compound all limit the accuracy of predictions. Here&#8217;s why you can&#8217;t predict the future and the challenges you&#8217;ll face when attempting to.<\/p>\n","protected":false},"author":14,"featured_media":4613,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[160,25],"tags":[1032],"class_list":["post-103063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-statistics","tag-the-signal-and-the-noise","","tg-column-two"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v24.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Top 3 Reasons Why You Can&#039;t Predict the Future - Shortform Books<\/title>\n<meta name=\"description\" content=\"Do you want to know what the future has in store? Some circumstances prevent you from doing so. 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