nomonkeybusiness.org

a no-nonsense clearing in
the personal finance jungle

By whom

Stuart Fowler - professional investor and finance author

For whom

Anyone trying to sort sense from nonsense in a seriously conflicted financial services industry

Business connections

Wealth Management

Wealth management & planning for individuals

Workshops

Workshops for individuals and employee groups

Book

No Monkey Business: what Investors need to know and why

(FT Prentice Hall 2002)

email Stuart Fowler

Home » Archives » May 2007 » More grounds for scepticism about computer models of climate change For grown-up consumers

[Previous entry: "The housing ladder: what exactly pushes it out of reach? For grown-up consumers"] [Next entry: "Are equities overvalued? For grown-up consumers"]

05/13/2007: "More grounds for scepticism about computer models of climate change For grown-up consumers"


My first post on 'the science' of climate variance was very sceptical. No scientist, I do have experience of financial data analysis and the modeling of financial systems. Here is an interesting video from a group of Canadian sceptics, who call themselves Friends of Science. On their home page are links to other scientific groups. I was particularly struck by this paper recording the failure of past attempts to model climate variance: out of sample observations for the past 19 years have failed to validate the predictions. I doubt the scientists were surprised: this a hugely complex and little-understood system to make hypotheses about. In finance, we wouldn't even attempt it. There seem to be a lot of non-scientists (the IPCC included) who are eager to attribute greater certainty than is plausible. Do they have an agenda? Or has a popular delusion developed its own momentum (a familiar feature of financial markets)?

Home
Archives

Topical Index:

Items are colour-coded:
For Kids Kids’ stuff
For Consumers For grown-up consumers
For Professionals Mainly for professionals
Showing Off Showing off

Monkey tricks
With-profits
Endowments
Precipice bonds
Commissions
Cost wedge

Investment sense and nonsense
Active v tracking
Accountants v actuaries
Low risk products
Asset allocation
Money illusion
Property myths
Equity returns
Pensions
Alternative investments

Making monkeys of ourselves
Personal responsibility
Streetwise finance
Kids' stuff

Public policy sense and nonsense
Regulations
Competition policy

<>May 2007
SMTWTFS
  12345
6789101112
13141516171819
20212223242526
2728293031  

Powered By Greymatter

External Links:

FSA consumer help
Investors Association forum
FT Your Money portal
The Motley Fool
ABI pension calculator
Pension glossary
Index of economics blogs
House Price Crash blog