Bruce Bueno de Mesquita Uses Games To See the Future

parallel_prankster writes "Bruce Bueno de Mesquita is a professor of politics at New York University and a senior fellow at the Hoover Institution at Stanford University in California. In his new book, The Predictioneer (The Predictioneer's Game in the US), he describes a computer model based on game theory which he — and others — claim can predict the future with remarkable accuracy. The website also has a game page where he provides an online version of the game and information on how to play." The (semi-paywalled; may need to register) New Scientist has a story on de Mesquita, too; a snippet: "Over the past 30 years, Bueno de Mesquita has made thousands of predictions about hundreds of issues from geopolitics to personal problems. Overall, he claims, his hit rate is about 90 per cent."

Comments

When you predict enough, you gotta be right

[Opportunist]

At least sometimes. If I make a thousand predictions (the more they contradict each other, the better) and only publish them AFTER the results are in, I can easily claim that I can predict the future. It's a simple magician's trick. Ask a person to think of a number between 1 and 10 (or pick a card, or whatever), then hand him a sealed envelope telling him you knew he'd pick that number (or hand him an envelope containing the card). You couldn't write it down and give him that envelope after he chose, so you have to be able to predict it, else you could not have written it down before the show, right?

What you don't hand him are the other envelopes containing the other numbers/cards.

Re:If he isn't already rich then he's lying

[SerpentMage]

I read part of his book since his book uses what one would call behavioral economics. A very interesting field. What I don't like about him is that he manipulates (read the book). And as such believes that manipulation is everything. I stopped reading half way because I hated his style. That is his flaw since not everybody can be manipulated. People can act irrationally. That he does not account for in his model, and is what I would think is a major flaw. It is sort of like saying, "Greece will be bailed out, Greece will be bailed out" Why? Because that the logical choice and would be according to this guy who does predictions.

What they all forget is Germany... Germany is now saying, "hey Greece head over to the IMF" It is at that point the financial community says, "ooops..." But if you are investing money it is a big f****g oops! And that big f****g oops is what causes financial companies to loose money...