decision theory

Model Uncertainty in Politics and Climate Policy

The polls could be systematically off, not just due to random error. That’s a worry with climate models as well.

Yes, your favored candidate could sweep the swing states, and yes, climate change could be more moderate than we now expect.  But that shouldn’t give you much comfort on either issue, since the errors could equally be in the opposite directions. 

Obviously, we’d like to improve our models, but that’s not always easy. In the meantime, the smart thing is to plan on the basis of the best models we have but avoid overconfidence about our predictions. 

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