“estimate… will not change much in response to new information” seems like the definition of certainty.
It seems very optimistic to think that by doing enough calculations and data analysis we can overcome the butterfly effect. Even your example of the correlation between population and economic growth is difficult to predict (e.g. Concentrating wealth by reducing family size might have positive effects on economic growth)
“estimate… will not change much in response to new information” seems like the definition of certainty.
It seems very optimistic to think that by doing enough calculations and data analysis we can overcome the butterfly effect. Even your example of the correlation between population and economic growth is difficult to predict (e.g. Concentrating wealth by reducing family size might have positive effects on economic growth)