Prediction

Definition and stakes

Alfred Powell Morgan,  Wireless Telegraphy and Telephony Simply Explained

“ Any one whose imagination is vivid enough can make a prediction, but when the great truth is accidentally revealed, or experimentally confirmed, as the case may be, and rendered absolutely sure of accomplishment, will its incalculable consequences continue to baffle the imagination and carry us further into the land of wonderment? ”
Source: Gutenberg

Portrait of Frank A. Fetter Frank A. Fetter,  The Principles of Economics, with Applications to Practical Problems

“ Is it surprising that in human affairs still less prediction is possible? There are countless unmeasured factors in human action. Such generalizations as are possible must be based on actions that appear and reappear with practical constancy. Though a number of facts unite to suggest some conclusions as to the immediate future, the experience of the last century bids one beware of sweeping predictions. ”
Source: Gutenberg

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