Predicting the Future is not an easy job: Let a scientist warn us about the limitations of mathematical predictions!
Professor Ronald Meester from the Vrije Universiteit Amsterdam, Netherlands, (and author of the book “Arrogant“) argues that we should be very careful when we use mathematical models and make decisions based plainly on the numerical outcome of these models.
The numbers and figures that come out of these models can only be meaningful if they are realistic enough. Often we need conventional wisdom rather than mathematics.
Watch this great TEDx Talk if you have 10 minutes – it’s definitely worth it!