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Stuart_Armstrong comments on Generalizing from One Trend - Less Wrong Discussion

14 Post author: katydee 18 January 2013 01:21AM

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Comment author: Stuart_Armstrong 18 January 2013 05:51:25PM *  5 points [-]

I don't see this a problem of simple trend prediction (which, as Carl pointed out, is often better than experts). Instead I see it as an error bar failure - predicting the dow would reach 36,000 in 1999 was perfectly reasonable. Confidently predicting the Dow would reach 36,000 was ridiculous.