
Saved by Keely Adler
Why Is It So Hard to Predict the Future?
Saved by Keely Adler
In Tetlock’s analysis, the foxes—attuned to a wide range of potential sources, willing to admit uncertainty, not devoted to an overarching theory—turned out to be significantly better at predicting future events than the more single-minded experts. The foxes were full spectrum; the hedgehogs were narrowband.
It might seem like the complexity of predicting geopolitical and economic events would necessitate a group of narrow specialists, each bringing to the team extreme depth in one area. But it was actually the opposite. As with comic book creators and inventors patenting new technologies, in the face of uncertainty, individual breadth was critical. Th
... See moreThere are two ways to handle such a world: try to predict, or try to prepare. Prediction is tempting. For all of human history, seers and soothsayers have turned a comfortable trade. The problem is that nearly all studies of “expert” predictions in such complex real-world realms as the stock market, geopolitics, and global finance have proven again
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