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> Scientists cannot accurately predict what the temperature in my city will be next month, so is climatology a science? weather forecasts have been getting mor
by iopq 10y ago
> Scientists cannot accurately predict what the temperature in my city will be next month, so is climatology a science?
weather forecasts have been getting more and more accurate, actually
- edblarney 10y agoWeather is inherently unpredictable. They'll never be perfect. I missed the most important point: because the economy is made up of intelligent actors - there is a dynamic aspect to economist predictions. If the weatherman says 'it will be 'very hot' next week' - this can be right or wrong, but the weather won't change as a result. If a prominent economist says 'there will be a recession next month' - business leaders may hold up on investment thereby causing a recession, where none might have been. So it's pretty hard to predict the future, when your predictions change the future ;)
- iopq 10y agoThat just seems like it makes it easier! You predict a recession, you're wrong, but you end up being right anyway!