February 5, 2024 The ignorance of even the best-informed investor about the more remote future is much greater than his knowledge, and he cannot but be influenced to a degree which would seem wildly disproportionate to anyone who really knew the future, and be forced to seek a clue mainly…
Category: Rigorous Imagination
Dead Certain: Presentation to the Intelligence Leadership Forum
Many thanks to Dr. Liam Fahey for the recent opportunity to present some of my ideas to his topflight group of strategy and intelligence executives in the Intelligence Leadership Forum. The Cult of Prediction has some fairly ancient roots, and rigorous imagination requires the abandonment of some familiar and profitable…
Horserace Episode 3.5: Pundit Whiplash/Pigheadedness Edition
November 9, 2023Yesterday, Democrats nearly swept the table in an off-year election, easily passing a referendum in red-state Ohio enshrining the right to abortion, easily re-electing a Democratic governor in Kentucky, and sweeping into the majority in both houses of the Virginia legislature. None of these things were predictable; all…
Horserace Episode 3: Forecasting Follies
November 7, 2023 Nate Silver, the other day, tweeted (or “Xed?”) that the Democratic Party should be very very worried. “You have the whole electorate basically screaming ‘BIDEN’S TOO OLD.’ There’s a year’s worth of campaign to go, very likely some reversion to the fundamentals, Trump’s legal issues probably a larger liability…
Rigorous Imagination: Palestine and Israel
October 10, 2023 Applying the principles of Fatal Certainty to current affairsThe sudden, obviously long-planned attack by Hamas forces across the border of Gaza with Israel has the entire world’s attention. President Joe Biden has promised that the United States’ support for Israel is “rock-solid.” Republicans in Congress blame the attack on…
The Uses of Sortilege
October 2, 2023 Another avenue into the big truth expressed by Fatal Certainty: How a Cult of Prediction Made the Twenty-First Century an Era of Strategic Shock – and How Rigorous Imagination Could Bring Us Back comes from ancient approaches to dealing with fundamental, irreducible uncertainty. Decisions need to be made. This…
Why Conspiracy Theories Are (Almost) Always Wrong
September 29, 2023 I have a surefire method of determining when I have a great idea. It’s when I find it shedding light on all sorts of unexpected phenomena. Today the phenomenon in question is conspiracy theories, and why they are (almost) always wrong. (I add the parenthesis merely to…
Rigorous Imagination, Scenario 1: AI and 2024
September 18, 2023 Artificial Intelligence (AI) has been one of the most discussed issues of the calendar year. As it happens, it’s a nearly perfect test case for the approach outlined in my forthcoming book, Fatal Certainty: How a Cult of Prediction Made the Twenty-First Century an Era of Strategic Shock…
Games Beyond Edges?
September 15, 2023 Bruce Schoenfeld’s Game of Edges: The Analytics Revolution and the Future of Professional Sports traces the impact of numerical analysis on sports, from the Moneyball days of the 1990s Oakland Athletics; through the 2000s curse-breaking Boston Red Sox; to Liverpool Football Club’s use of predictive analysis; to the NBA Golden…
Predict the Predictable, Anticipate the Unpredictable
September 6, 2023 Much of what I write here may seem to disparage all prediction. If that is the case, I need to clarify a few points. Prediction is a very useful and necessary endeavor – when it is applied to predictable things. Indeed, the scientific revolution, ever since the…