When Predictions Fail: Crash Course Statistics #43

Today we’re going to talk about why many predictions fail - specifically we’ll take a look at the 2008 financial crisis, the 2016 U.S. presidential election, and earthquake prediction in general. From inaccurate or just too little data to biased models and polling errors, knowing when and why we make inaccurate predictions can help us make better ones in the future. And even knowing what we can’t predict can help us make better decisions too. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Eric Prestemon, Sam Buck, Mark Brouwer, Naman Goel, Patrick Wiener II, Nathan Catchings, Efrain R. Pedroza, Brandon Westmoreland, dorsey, Indika Siriwardena, James Hughes, Kenneth F Penttinen, Trevin Beattie, Satya Ridhima Parvathaneni, Erika & Alexa Saur, Glenn Elliott, Justin Zingsheim, Jessica Wode, Kathrin Benoit, Tom Trval, Jason Saslow, Nathan Taylor, Brian Thomas Gossett, Khaled El Shalakany, SR Foxley, Yasenia Cruz, Eric Koslow, Caleb Weeks, Tim Curwick, D.A. Noe, Shawn Arnold, Malcolm Callis, Advait Shinde, William McGraw, Andrei Krishkevich, Rachel Bright, Jirat, Ian Dundore -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids