Superforcasting: The art and science of prediction

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Everyone would benefit from better foresight, whether in finance, policy-making, or daily planning. However, people often struggle with accurate predictions. A landmark study by Wharton professor Philip Tetlock revealed that even experts' forecasts are only marginally better than chance. Yet, some experts possess genuine foresight, prompting Tetlock to explore the reasons behind this talent and whether it can be taught. In collaboration with Dan Gardner, Tetlock presents a comprehensive examination of prediction, drawing on extensive research and a large-scale forecasting tournament called the Good Judgment Project. This initiative involved thousands of ordinary individuals, including a filmmaker and a retired pipe installer, who successfully forecasted global events, outperforming benchmarks and even intelligence analysts with classified information. These exceptional forecasters, termed 'superforecasters,' demonstrate that effective prediction doesn't rely on advanced technology but on gathering diverse evidence, thinking probabilistically, collaborating, tracking performance, and embracing errors. Through compelling stories of both successful and failed forecasts, along with insights from prominent decision-makers, the authors reveal practical strategies for enhancing our predictive abilities across various domains, making this work a valuable resource for anyone seeking to improve their foresight.