“expert studies” should come with a health warning.

‘What does the future hold? To answer that question, human beings have looked to stars and to dreams; to cards, dice and the Delphic oracle; to animal entrails, Alan Green­span, mathematical models, the palms of our hands. As the number and variety of these soothsaying techniques suggest, we have a deep, probably intrinsic desire to know the future. Unfortunately for us, the future is deeply, intrinsically unknowable.
This is the problem Dan Gardner tackles in “Future Babble: Why Expert Predictions Are Next to Worthless, and You Can Do Better.” Gardner, a Canadian journalist and author of “The Science of Fear,” takes as his starting point the work of Philip Tetlock, a professor at the University of Pennsylvania. Beginning in the 1980s, Tetlock examined 27,451 forecasts by 284 academics, pundits and other prognosticators. The study was complex, but the conclusion can be summarized simply: the experts bombed. Not only were they worse than statistical models, they could barely eke out a tie with the proverbial dart-throwing chimps….’ source

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