The Unassuming Economist

A new post by Timothy Taylor says that “Making predictions is hard, especially about the future. It’s a comment that seems to have been attributed to everyone from Nostradamus to Niels Bohr to Yogi Berra. But it’s deeply true. Most of us have a tendency to make statements about the future with a high level of self-belief, avoid later reconsidering how wrong we were, and then make more statements. […] The questions of how to predict for what you don’t expect, and how to plan for what you don’t expect, are admittedly difficult. The ability to pivot smoothly to face the new challenge may be  one of the most underrated skills in politics and management. ”

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