A Ku Indeed!

Hume on Data Mining

Posted in Course Material, Life by Chris on October 12, 2008

I’ve been reading through some financial journals and websites reading about the current financial and market situation. One thing stuck me: after each financial pundit said what they’d do — which was always rooted in some analysis of past crashes — at the bottom there would always be this proviso, “the future is not guaranteed to resemble the past.” For those who have read Hume’s Treatise, and especially so for students who tend to think that Hume’s points here have no “practical application” — this little bit of Humean wisdom may be amusing in a not-so-amusing time.

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One Response

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  1. Million said, on October 13, 2008 at 12:51 am

    In all honesty, I think there is a parallel to be made between Economists, Meteorologists, and their respective predictions. Some things the models just don’t accurately predict. 🙂

    Chance of rain on Tuesday and Wednesday by the way.


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