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The Future of Everything (Orrell, 2007)
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The Science of Prediction

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In the spirit of Freakonomics and A Short History of Progress, The Future of Everything is a compelling, elegantly written history of our future.

For centuries, scientists have strived to predict the future. But to what extent have they succeeded? Can past events--Hurricane Katrina, the Internet stock bubble, the SARS outbreak--help us understand what will happen next? Will scientists ever really be able to forecast catastrophes, or will we always be at the mercy of Mother Nature, waiting for the next storm, epidemic, or economic crash to thunder through our lives?

In The Future of Everything, David Orrell looks back at the history of forecasting, from the time of the oracle at Delphi to the rise of astrology to the advent of the TV weather report, showing us how scientists (and some charlatans) predicted the future. How can today's scientists claim to anticipate future weather events when even thee-day forecasts prove a serious challenge? How can we predict and control epidemics? Can we accurately foresee our financial future? Or will we only find out about tomorrow when tomorrow arrives?

JLJ - Can we possibly use these ideas to develop a model to predict which moves are promising in a game such as chess?]

p.83 Kepler had discovered that the planets move in elliptical orbits, but he had seen this as a violation of Pythagorean symmetry. Newton showed that what counted was not the shape of the motion but the underlying dynamic. The orbit might be an ellipse, but the law is simple and square.
 
p.93 Positive and negative feedbacks are ubiquitous not just in engineering, but also in atmospheric, biological, and economic systems, which is one of the reasons predicting them is difficult.
 
p.94 Variation among individuals and survival of the fittest created a trial-and-error selection mechanism, which meant that species' traits did not remain static but were in a constant state of dynamic flux and self-improvement.
 
p.170 The danger of global warming, for example, was first identified by the Swedish physical chemist Svante Arrhenius over a hundred years ago.
 
p.213 The sense of dynamic balance also gives an understanding of why individual genes, or even groups of genes, are only partially useful for predicting an organism's traits. What counts is the behaviour of the whole organism. If any one part is out of balance, the the organism may either adjust itself internally or modify its behaviour to compensate.
 
p.226 The desire to maximize utility is a kind of force that drives the economy.
 
p.227-228 First, the value of an asset depends on its prospects for future growth... An asset's valuation must also take into account its risk, which is related to its tendency to fluctuate... Value is therefore not a solid, intrinsic property, but is a fluid quality that changes with circumstances.
 
p.310 Even if models do not have predictive accuracy, they are still useful tools for understanding the present, envisaging future scenarios and educating policy makers and the public.
 
p.318 Human beings excel at two types of prediction... One is based on empathy - working out what someone else is feeling, putting ourselves in the shoes of another - and the second on cause and effect. The former works best for living beings, the latter for objects.
 
p.324 Einstein's theory of relativity was accepted not because a committee agreed that it was a very sensible model, but because its predictions, most of which were highly counterintuitive, could be experimentally verified.
 
p.335 Lack of predictability is a deep property of life. Any organism that is too predictable in its behaviour will die. And in an unpredictable environment, the ability to act creatively, while maintaining a kind of dynamical internal order, is a prerequisite.
 
p.349 Mathematical models will always be indispensable. Like language, they are a way to understand the world, and organize and communicate our thoughts. They help us perform hypothetical experiments, explore possible scenarios, and expose fragilities. Most of all, they help us comprehend what is happening now.

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