Superforecasting

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Last edited by dcapillae
September 29, 2024 | History

Superforecasting

  • 4.0 (6 ratings) ·
  • 68 Want to read
  • 3 Currently reading
  • 11 Have read

Everyone would benefit from seeing further into the future, whether buying stocks, crafting policy, launching a new product, or simply planning the week’s meals. Unfortunately, people tend to be terrible forecasters. As Wharton professor Philip Tetlock showed in a landmark 2005 study, even experts’ predictions are only slightly better than chance. However, an important and underreported conclusion of that study was that some experts do have real foresight, and Tetlock has spent the past decade trying to figure out why. What makes some people so good? And can this talent be taught?

In Superforecasting, Tetlock and coauthor Dan Gardner offer a masterwork on prediction, drawing on decades of research and the results of a massive, government-funded forecasting tournament. The Good Judgment Project involves tens of thousands of ordinary people—including a Brooklyn filmmaker, a retired pipe installer, and a former ballroom dancer—who set out to forecast global events. Some of the volunteers have turned out to be astonishingly good. They’ve beaten other benchmarks, competitors, and prediction markets. They’ve even beaten the collective judgment of intelligence analysts with access to classified information. They are "superforecasters."

In this groundbreaking and accessible book, Tetlock and Gardner show us how we can learn from this elite group. Weaving together stories of forecasting successes (the raid on Osama bin Laden’s compound) and failures (the Bay of Pigs) and interviews with a range of high-level decision makers, from David Petraeus to Robert Rubin, they show that good forecasting doesn’t require powerful computers or arcane methods. It involves gathering evidence from a variety of sources, thinking probabilistically, working in teams, keeping score, and being willing to admit error and change course. Superforecasting offers the first demonstrably effective way to improve our ability to predict the future—whether in business, finance, politics, international affairs, or daily life—and is destined to become a modern classic.

Publish Date
Publisher
Crown, Crown Publishers
Pages
340

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Edition Availability
Cover of: Superforecasting
Superforecasting
2015, Crown, Crown Publishers

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Book Details


Classifications

Library of Congress
HB3730 .T47 2015

ID Numbers

Open Library
OL26431412M
Internet Archive
superforecasting0000tetl
ISBN 10
0804136696
LCCN
2015007310
OCLC/WorldCat
898909721

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History

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September 29, 2024 Edited by dcapillae Merge works
September 29, 2024 Edited by dcapillae merge authors
September 29, 2024 Edited by dcapillae merge authors
September 29, 2024 Edited by dcapillae merge authors
February 4, 2019 Created by vickypix91 Added new book.