Superforecasting


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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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Author by Philip E. Tetlock
Genre eBook Business & Economics
Read Book 352
ISBN Number 9780804136709

Superforecasting


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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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Author by Instaread
Genre eBook Business & Economics
Read Book 37
ISBN Number 9781944195489

Summary Of Superforecasting


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Inside this Instaread of Superforecasting:* Overview of the book* Important People* Key Takeaways* Analysis of Key Takeaways

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ISBN Number 1945251832

Superforecasting


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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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Author by Philip E. Tetlock
Genre eBook Business & Economics
Read Book 352
ISBN Number 9780771070532

Superforecasting


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NEW YORK TIMES BESTSELLER WINNER OF THE CMI MANAGEMENT FUTURES BOOK OF THE YEAR AWARD 'A manual for thinking clearly in an uncertain world. Read it.' Daniel Kahneman What if we could improve our ability to predict the future? Everything we do involves forecasts about how the future will unfold. Whether buying a new house or changing job, designing a new product or getting married, our decisions are governed by implicit predictions of how things are likely to turn out. The problem is, we're not very good at it. In a landmark, twenty-year study, Wharton professor Philip Tetlock showed that the average expert was only slightly better at predicting the future than a layperson using random guesswork. Tetlock's latest project – an unprecedented, government-funded forecasting tournament involving over a million individual predictions – has since shown that there are, however, some people with real, demonstrable foresight. These are ordinary people, from former ballroom dancers to retired computer programmers, who have an extraordinary ability to predict the future with a degree of accuracy 60% greater than average. They are superforecasters. In Superforecasting, Tetlock and his co-author Dan Gardner offer a fascinating insight into what we can learn from this elite group. They show the methods used by these superforecasters which enable them to outperform even professional intelligence analysts with access to classified data. And they offer practical advice on how we can all use these methods for our own benefit – whether in business, in international affairs, or in everyday life. 'The techniques and habits of mind set out in this book are a gift to anyone who has to think about what the future might bring. In other words, to everyone.' Economist 'A terrific piece of work that deserves to be widely read . . . Highly recommended.' Independent 'The best thing I have read on predictions . . . Superforecasting is an indispensable guide to this indispensable activity.' The Times

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Author by Philip Tetlock
Genre eBook Social Science
Read Book 352
ISBN Number 9781448166596

Superforecasting


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Abstract Reflecting on Tetlock and Gardner's "Ten Commandments for Aspiring Superforecasters"

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ISBN Number OCLC:1051394585

Superforecasting


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PLEASE NOTE: This is key takeaways and analysis of the book and NOT the original book. 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... Inside this Instaread of Superforecasting: Overview of the bookImportant PeopleKey TakeawaysAnalysis of Key Takeaways About the Author With Instaread, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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Read Book 36
ISBN Number 1522758208

Philip E Tetlock And Dan Gardner Superforecasting The Art And Science Of Prediction New York Broadway Books 2015 340 Pages 17 00 Paperback


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ISBN Number OCLC:1053744945

Future Babble


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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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Author by Dan Gardner
Genre eBook Psychology
Read Book 320
ISBN Number 0452297575

Superforecasting Or Snafu


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What is the impact of military institutional tendencies and habits on U.S. Army senior officer forecasting accuracy and how does this forecasting ability shape success in battle? Military leaders plan operations based on the forecasted strengths and vulnerabilities of their adversary. Negative habits, such as limited option development, confirmation bias, doctrinal overreliance, and over-consideration of sunk costs, inhibit effective forecasting. The tempo of the modern battlefield, hierarchical culture, and institutional tendencies of the US Army may promote and reinforce these habits. I surveyed Colonels in US Army War College programs to measure their individual tendencies, levels of education, and accuracy in forecasting events during a three to twelve-month future. Quantitative analysis of the resulting data shows that these habits are present and negatively affect forecasting ability; additionally, higher levels of education positively affect forecast accuracy, possibly counteracting the effects of negative institutional tendencies and habits. Extending the research using historical and contemporary case studies of senior US Army Generals, including interviews of General David Petraeus and other high-ranking officials, I find that rejection of these institutional habits and tendencies enabled superior forecasting, leading to battlefield success. I conclude by examining how educational levels of commanding generals in the Iraq War affected military success. Exploratory quantitative analysis of data collected from the US Army historical archives shows that higher levels of education positively affected significant activities within the general's assigned areas.

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Author by David L. Raugh
Genre eBook
Read Book 137
ISBN Number OCLC:1107047472