How to be less wrong

A Bayesian’s guide to predicting the future with limited data

Samuel Flender
Towards Data Science
7 min readApr 22, 2019

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How much longer will the Berlin Wall stand? This is what went through J. Richard Gott’s head when he visited Germany in 1969.

If you think about it, this is a tough question, as there is not much data available about lifetimes of walls in Germany (in fact, the Berlin Wall is a single datapoint). How then to approach a question like that, where we are almost completely in the dark?

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