Prediction Errors – Trains and Large Economies
Our brain is ill equipped to correctly estimate speed of large objects. This error of underestimation leads to large number of trespassing deaths on rail tracks in Mumbai. We found this error and solved it with the Yellow Lines. Interesting how Economist was able to draw the connection with our work, in pointing out the errors that economists commit while predicting the growth of large economies. PEOPLE are bad at judging the speed of large objects, especially those coming t