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Artificial intelligence now beats some of the best human forecasters

129 points · 106 comments · ddp26

  1. bagels · · focus · HN ↗
    Aren't forecasters already using 'artificial intelligence' for decades in the form of non-llm machine learning models?
    1. bunderbunder · · focus · HN ↗
      Yes, and if the things I learned in my university class on the subject still holds, forecasts are incredibly sensitive to modeling decisions such as what independent variables you choose and how you believe they might mathematically relate to the outcome variable. It’s not a zero skill thing, but if anyone’s found a way to consistently mitigate the luck factor then I’d expect them to be wealthier than Elon Musk by now.

      And there’s always a huge amount of variation that you simply can’t model, for whatever reason, and is therefore functionally a random factor.

      I don’t want to say too much because this isn’t something I went on to actually do after school so I’m way out of my lane here, but I can see room for this to be more akin to “AI wins parcheesi tournament” than it is to “AI wins chess tournament.”

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