explorer wrote: ↑Fri Aug 14, 2020 3:04 pm If there was any way of predicting the future, I would want the winning lottery numbers, or to know which horse will win a race, or what share prices will do. But the truth is, you can't predict the future.

Yet, Governments, corporations, medical facilities, designers etc all employ futurologists to determine the possible way that coming decades may play out and therefore allow them to have some preliminary groundwork or framework for how their models will change in 10 years to fifty years time.

Jerry Atrick wrote:

explorer wrote: ↑Fri Aug 14, 2020 3:04 pm If there was any way of predicting the future, I would want the winning lottery numbers, or to know which horse will win a race, or what share prices will do. But the truth is, you can't predict the future.

Yet, Governments, corporations, medical facilities, designers etc all employ futurologists to determine the possible way that coming decades may play out and therefore allow them to have some preliminary groundwork or framework for how their models will change in 10 years to fifty years time.

Predicting a trend, based on vast amounts of information, is way different than predicting a single point, such as winning lottery numbers, with no information. Horses have handicaps on them all the time - every been to a horse race? Odds are posted. Share prices are predicted daily on CNBC, Bloomberg.

An easy example. Insurance rates. All based on numbers, actuarial data. They predict chance of injury or death based on tons of factors.

What does the the one thing life insurance NOT cover? Terrorism. Based on 9/11. Impossible to predict when an airplane will smash into someone’s workplace and kill them.

This is way different than SEEING the future. Very few people can do this.

And they sure don’t want anyone to know.

Because the crazies on CEO will come out turn them into verbal hamburger.

newkidontheblock wrote: ↑Sat Aug 15, 2020 1:43 am

Jerry Atrick wrote:

explorer wrote: ↑Fri Aug 14, 2020 3:04 pm If there was any way of predicting the future, I would want the winning lottery numbers, or to know which horse will win a race, or what share prices will do. But the truth is, you can't predict the future.

Yet, Governments, corporations, medical facilities, designers etc all employ futurologists to determine the possible way that coming decades may play out and therefore allow them to have some preliminary groundwork or framework for how their models will change in 10 years to fifty years time.

Predicting a trend, based on vast amounts of information, is way different than predicting a single point, such as winning lottery numbers, with no information. Horses have handicaps on them all the time - every been to a horse race? Odds are posted. Share prices are predicted daily on CNBC, Bloomberg.

.

https://en.m.wikipedia.org/wiki/Alan_Woods_(gambler)

Here is some reccomended reading from 20 years ago. If you think systems have not improved in profitability since then, then I don't understand you