Freakonomics co-author and John Bates Clark Medal holder Steve Levitt makes like Keynes and changes his mind in the face of new evidence:
Economists, like everyone else, are much better at explaining the past then predicting the future. But, given the odds at Tradesports, I just put down a little money on the A's to win more than 88.6 games this year.
I can be accused of many things, but doggedly sticking to false conclusions in the face of new evidence is not one of my weaknesses.
Wednesday, August 03, 2005
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