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A New York Times Bestseller An Economist Best Book of 2015 "The most important book on decision making since Daniel Kahneman's Thinking, Fast and Slow." —Jason Zweig, The Wall Street Journal 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. From the Hardcover edition.

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Genre: Business & Economics
Author: Philip E. Tetlock
Publisher: Crown
Release: 2015-09-29
File: 352 Pages
ISBN-13: 9780804136709

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Superforecasting by Philip E. Tetlock and Dan Gardner | Key Takeaways, Analysis & Review Preview: Superforecasting: The Art and Science of Prediction is a nonfiction book about the accuracy of forecasting. It recounts the efforts of Philip E. Tetlock, a professor of psychology and marketing at the Wharton School of Business of the University of Pennsylvania, to create accurate measurements of the accuracy of forecasting, and to study the people and conditions that create the most accurate forecasts… PLEASE NOTE: This is key takeaways and analysis of the book and NOT the original book. Inside this Instaread of Superforecasting:Overview of the bookImportant PeopleKey TakeawaysAnalysis of Key Takeaways

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Genre: Business & Economics
Author: Instaread
Publisher: Instaread
Release: 2015-12-14
File: 37 Pages
ISBN-13: 9781944195489

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From one of the world's most highly regarded social scientists comes a seminal book on forecasting that shows, for the first time, how we can all get better at making predictions. 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." The authors 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, learning to think 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.

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Genre: Business & Economics
Author: Philip E. Tetlock
Publisher: Signal
Release: 2015-09-29
File: 352 Pages
ISBN-13: 9780771070532

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In the tradition of Malcolm Gladwell, Gardner explores a new way of thinking about the decisions we make. We are the safest and healthiest human beings who ever lived, and yet irrational fear is growing, with deadly consequences — such as the 1,595 Americans killed when they made the mistake of switching from planes to cars after September 11. In part, this irrationality is caused by those — politicians, activists, and the media — who promote fear for their own gain. Culture also matters. But a more fundamental cause is human psychology. Working with risk science pioneer Paul Slovic, author Dan Gardner sets out to explain in a compulsively readable fashion just what that statement above means as to how we make decisions and run our lives. We learn that the brain has not one but two systems to analyze risk. One is primitive, unconscious, and intuitive. The other is conscious and rational. The two systems often agree, but occasionally they come to very different conclusions. When that happens, we can find ourselves worrying about what the statistics tell us is a trivial threat — terrorism, child abduction, cancer caused by chemical pollution — or shrugging off serious risks like obesity and smoking. Gladwell told us about “the black box” of our brains; Gardner takes us inside, helping us to understand how to deconstruct the information we’re bombarded with and respond more logically and adaptively to our world. Risk is cutting-edge reading.

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Genre: Social Science
Author: Dan Gardner
Publisher: McClelland & Stewart
Release: 2009-02-24
File: 416 Pages
ISBN-13: 9781551992105

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What if the Persians had won at Salamis? What if Christ had not been crucified? What if the Chinese had harnessed steam power before the West? Disparaged by some as a mere parlor game, counterfactual history is seen by others as an indispensable historical tool. Taking as their point of inquiry the debate over the inevitability of the rise of the West, the eminent scholars in Unmaking the West argue that there is no escaping counterfactual history. Whenever we make claims of cause and effect, we commit ourselves to the assumption that if key links in the causal chain were broken, history would have unfolded otherwise. Likewise, without counterfactual history we all too easily slip into the habit of hindsight bias, forgetting, as soon as we learn what happened, how unpredictable the world looked beforehand, and closing our minds to all the ways the course might have changed. This collection is thus both an exploration of alternative scenarios to world history and an exercise in testing the strengths and weaknesses of counterfactual experiments. "If ever there was an argument for the usefulness of counterfactual history, this admirable, and admirably focused, collection has convincingly made it." —Robert Cowley, editor of the What If?TM series "With chapters ranging from politics to war to religion to economics and to science and technology, this is the most thematically wide-ranging collection on counterfactuality. An intelligent, cutting-edge study with important things to say." —Jonathan C. D. Clark, Department of History, University of Kansas "This volume is likely to become a standard reference in the literature on historical methodology, and could have a dramatic impact on the way future generations of historians approach disciplinary inquiry. . . . By allowing readers to share in the doubts and epiphanies that lead up to the authors' epistemological revelations, the volume allows readers to grasp the rich potential of approaching their own research from a counterfactual perspective." —Aaron Belkin, Associate Professor of Political Science, University of California, Santa Barbara Philip E. Tetlock is Mitchell Professor, Haas School of Business, University of California, Berkeley, and author of Expert Political Judgment: How Good Is It? How Can We Know? Richard Ned Lebow is James O. Freedman Presidential Professor of Government at Dartmouth College and author of The Tragic Vision of Politics: Ethics, Interests and Orders, winner of the Alexander L. George Award for the best book in political psychology.Geoffrey Parker is Andreas Dorpalen Professor of History at Ohio State University, a Fellow of the British Academy, and author of The Military Revolution: Military Innovation and the Rise of the West, 1500-1800, winner of two book prizes.

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Genre: History
Author: Philip Eyrikson Tetlock
Publisher: University of Michigan Press
Release: 2006
File: 415 Pages
ISBN-13: 0472031430

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Learn how to think more effectively, at work and at home. Many scientific and philosophical ideas are so powerful that they can be applied to our lives at home and work and school to help us think smarter and more effectively about our behaviour and the world around us. Surprisingly, many of these ideas remain unknown to most of us. In Mindware, the world-renowned psychologist Richard Nisbett presents these ideas in clear and accessible detail, offering a tool kit for better thinking and wiser decisions. He has made a distinguished career of studying and teaching such powerful problem-solving concepts as the law of large numbers, statistical regression, cost-benefit analysis, sunk costs and opportunity costs, and causation and correlation, probing how best to teach others to use them effectively in their daily lives. In this groundbreaking book, he shows that a course in a given field--statistics or economics, for example--often doesn't work as well as a few minutes of more practical instruction in analyzing everyday situations. Mindware shows how to reframe common problems in such a way that these powerful scientific and statistical concepts can be applied to them. The result is an enlightening and practical guide to the most powerful tools of reasoning ever developed--tools that can easily be used to make better professional, business and personal decisions.

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Genre: Self-Help
Author: Richard Nisbett
Publisher: Doubleday Canada
Release: 2015-08-18
File: 400 Pages
ISBN-13: 9780385681001

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Since its original publication, Expert Political Judgment by New York Times bestselling author Philip Tetlock has established itself as a contemporary classic in the literature on evaluating expert opinion. Tetlock first discusses arguments about whether the world is too complex for people to find the tools to understand political phenomena, let alone predict the future. He evaluates predictions from experts in different fields, comparing them to predictions by well-informed laity or those based on simple extrapolation from current trends. He goes on to analyze which styles of thinking are more successful in forecasting. Classifying thinking styles using Isaiah Berlin's prototypes of the fox and the hedgehog, Tetlock contends that the fox--the thinker who knows many little things, draws from an eclectic array of traditions, and is better able to improvise in response to changing events--is more successful in predicting the future than the hedgehog, who knows one big thing, toils devotedly within one tradition, and imposes formulaic solutions on ill-defined problems. He notes a perversely inverse relationship between the best scientific indicators of good judgement and the qualities that the media most prizes in pundits--the single-minded determination required to prevail in ideological combat. Clearly written and impeccably researched, the book fills a huge void in the literature on evaluating expert opinion. It will appeal across many academic disciplines as well as to corporations seeking to develop standards for judging expert decision-making. Now with a new preface in which Tetlock discusses the latest research in the field, the book explores what constitutes good judgment in predicting future events and looks at why experts are often wrong in their forecasts.

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Genre: Political Science
Author: Philip E. Tetlock
Publisher: Princeton University Press
Release: 2017-09-05
File: 368 Pages
ISBN-13: 9781400888818

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"Genuinely arresting . . . required reading for journalists, politicians, academics, and anyone who listens to them." -Steven Pinker, author of How the Mind Works We are awash in predictions. In newspapers, blogs, and books; on radio and television. Every day experts tell us how the economy will perform next year, if housing sales will grow or shrink, and who will win the next election. Predictions are offered about the climate, food, technology, and the world our grandchildren will inhabit. And we can't get enough of it. Drawing on research in cognitive psychology, political science, and behavioral economics, award-winning journalist Dan Gardner explores our obsession with the future. He shows how famous pundits, "hedgehogs" who stick to one big idea no matter how circumstances change, become expert at explaining away predictions that are wrong while "foxes," who are more equivocal in their judgments, are simply more accurate.

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Genre: Psychology
Author: Dan Gardner
Publisher: Plume
Release: 2012-02
File: 320 Pages
ISBN-13: 0452297575

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In 2008, as the price of oil surged above $140 a barrel, experts said it would soon hit $200; a few months later it plunged to $30. In 1967, they said the USSR would have one of the fastest-growing economies in the year 2000; in 2000, the USSR did not exist. In 1911, it was pronounced that there would be no more wars in Europe; we all know how that turned out. Face it, experts are about as accurate as dart-throwing monkeys. And yet every day we ask them to predict the future — everything from the weather to the likelihood of a catastrophic terrorist attack. Future Babble is the first book to examine this phenomenon, showing why our brains yearn for certainty about the future, why we are attracted to those who predict it confidently, and why it’s so easy for us to ignore the trail of outrageously wrong forecasts. In this fast-paced, example-packed, sometimes darkly hilarious book, journalist Dan Gardner shows how seminal research by UC Berkeley professor Philip Tetlock proved that pundits who are more famous are less accurate — and the average expert is no more accurate than a flipped coin. Gardner also draws on current research in cognitive psychology, political science, and behavioral economics to discover something quite reassuring: The future is always uncertain, but the end is not always near. From the Hardcover edition.

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Genre: Psychology
Author: Dan Gardner
Publisher: McClelland & Stewart
Release: 2010-10-12
File: 320 Pages
ISBN-13: 9780771035210

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Political scientists often ask themselves what might have been if history had unfolded differently: if Stalin had been ousted as General Party Secretary or if the United States had not dropped the bomb on Japan. Although scholars sometimes scoff at applying hypothetical reasoning to world politics, the contributors to this volume--including James Fearon, Richard Lebow, Margaret Levi, Bruce Russett, and Barry Weingast--find such counterfactual conjectures not only useful, but necessary for drawing causal inferences from historical data. Given the importance of counterfactuals, it is perhaps surprising that we lack standards for evaluating them. To fill this gap, Philip Tetlock and Aaron Belkin propose a set of criteria for distinguishing plausible from implausible counterfactual conjectures across a wide range of applications. The contributors to this volume make use of these and other criteria to evaluate counterfactuals that emerge in diverse methodological contexts including comparative case studies, game theory, and statistical analysis. Taken together, these essays go a long way toward establishing a more nuanced and rigorous framework for assessing counterfactual arguments about world politics in particular and about the social sciences more broadly.

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Genre: Political Science
Author: Philip E. Tetlock
Publisher: Princeton University Press
Release: 2020-07-07
File: Pages
ISBN-13: 9780691215075

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