I'm hoping to hear from someone with expertise in phylogeny reconstruction concerning the accuracy of estimates of divergence times/dates. How reliable are the methods currently employed to make these estimations? I know that genetic sequence divergence is commonly assumed to be clock-like and that fossil "evidence" is then employed to estimate node dates, but this method appears to be rather imprecise. Yet I see these methods regularly employed with no caveats or cautionary disclaimers.

Sequence divergence seems secure enough as a reliable method, but clock-like evolution seems like a big assumption for many genes (especially since branch lengths of sister groups can vary considerably by this measure), and fossil node dating seems quite flimsy as a method for estimating node dates.

I have seen some of the literature on this topic, but I'm interested to hear justifications beyond "it's the best we can do." Are there studies that test the assumptions and find reliably clock-like genes? And what about anchoring nodes using fossil data? Does anyone know of a good published discussion on the justifications for using these methods and the confidence we might place in them?

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