"The Parable of the King and the Random Process" by moridinamael - podcast episode cover

"The Parable of the King and the Random Process" by moridinamael

Mar 14, 202310 min
--:--
--:--
Download Metacast podcast app
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more

Episode description

https://www.lesswrong.com/posts/LzQtrHSYDafXynofq/the-parable-of-the-king-and-the-random-process

~ A Parable of Forecasting Under Model Uncertainty ~

You, the monarch, need to know when the rainy season will begin, in order to properly time the planting of the crops. You have two advisors, Pronto and Eternidad, who you trust exactly equally. 

You ask them both: "When will the next heavy rain occur?"

Pronto says, "Three weeks from today."

Eternidad says, "Ten years from today."

For the best experience, listen in Metacast app for iOS or Android