Superforecasting
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Superforecasting
''Superforecasting: The Art and Science of Prediction'' is a book by Philip E. Tetlock and Dan Gardner released in 2015. It details findings from The Good Judgment Project. Reviews ''The Economist'' reports that superforecasters are clever (with a good mental attitude), but not necessarily geniuses. It reports on the treasure trove of data coming from The Good Judgment Project, showing that accurately selected amateur forecasters (and the confidence they had in their forecasts) were often more accurately tuned than experts. According to ''The Wall Street Journal'', ''Superforecasting'' is "The most important book on decision making since Daniel Kahneman's Thinking, Fast and Slow." The ''Harvard Business Review'' paired it to the book '' How Not to Be Wrong: The Power of Mathematical Thinking'' by Jordan Ellenberg. See also * Guesstimate * Fermi problem In physics or engineering education, a Fermi problem, Fermi quiz, Fermi question, Fermi estimate, order-of-magnitude pro ...
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The Good Judgment Project
The Good Judgment Project (GJP) is an organization dedicated to "harnessing the wisdom of the crowd to forecast world events". It was co-created by Philip E. Tetlock (author of ''Superforecasting'' and ''Expert Political Judgment''), decision scientist Barbara Mellers, and Don Moore, all professors at the University of Pennsylvania. The project began as a participant in the Aggregative Contingent Estimation (ACE) program of the Intelligence Advanced Research Projects Activity (IARPA). It then extended its crowd wisdom to commercial activities, recruiting forecasters and aggregating the predictions of the most historically accurate among them to forecast future events. Predictions are scored using Brier scores. The top forecasters in GJP are "reportedly 30% better than intelligence officers with access to actual classified information." History The Good Judgment Project began in July 2011 in collaboration with the Aggregative Contingent Estimation (ACE) Program at IARPA (IARP ...
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Superforecaster
A superforecaster is a person who makes forecasting, forecasts that can be shown by statistical means to have been consistently more accurate than the general public or experts. Superforecasters sometimes use modern analytical and statistical methodologies to augment estimates of base rates of events; research finds that such forecasters are typically more accurate than experts in the field who do not use analytical and statistical techniques. The term "superforecaster" is a trademark of The Good Judgment Project, Good Judgment Inc. Etymology The term is a combination of the prefix , meaning "above" or "better than average" , and , meaning one who predicts an outcome that might occur in the future. History Origins of the term are attributed to Philip E. Tetlock with results from The Good Judgment Project and subsequent book with Dan Gardner ''Superforecasting: The Art and Science of Prediction''. In December 2019 a Central Intelligence Agency analyst writing under the pseudonym " ...
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Forecasting
Forecasting is the process of making predictions based on past and present data. Later these can be compared (resolved) against what happens. For example, a company might estimate their revenue in the next year, then compare it against the actual results. Prediction is a similar but more general term. Forecasting might refer to specific formal statistical methods employing time series, cross-sectional or longitudinal data, or alternatively to less formal judgmental methods or the process of prediction and resolution itself. Usage can vary between areas of application: for example, in hydrology the terms "forecast" and "forecasting" are sometimes reserved for estimates of values at certain specific future times, while the term "prediction" is used for more general estimates, such as the number of times floods will occur over a long period. Risk and uncertainty are central to forecasting and prediction; it is generally considered a good practice to indicate the degree of uncertainty ...
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Philip E
Philip, also Phillip, is a male given name, derived from the Greek (''Philippos'', lit. "horse-loving" or "fond of horses"), from a compound of (''philos'', "dear", "loved", "loving") and (''hippos'', "horse"). Prominent Philips who popularized the name include kings of Macedonia and one of the apostles of early Christianity. ''Philip'' has many alternative spellings. One derivation often used as a surname is Phillips. It was also found during ancient Greek times with two Ps as Philippides and Philippos. It has many diminutive (or even hypocoristic) forms including Phil, Philly, Lip, Pip, Pep or Peps. There are also feminine forms such as Philippine and Philippa. Antiquity Kings of Macedon * Philip I of Macedon * Philip II of Macedon, father of Alexander the Great * Philip III of Macedon, half-brother of Alexander the Great * Philip IV of Macedon * Philip V of Macedon New Testament * Philip the Apostle * Philip the Evangelist Others * Philippus of Croton (c. 6th centur ...
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Crown Publishers
The Crown Publishing Group is a subsidiary of Penguin Random House that publishes across several fiction and non-fiction categories. Originally founded in 1933 as a remaindered books wholesaler called Outlet Book Company, the firm expanded into publishing original content in 1936 under the Crown name, and was acquired by Random House in 1988. Under Random House's ownership, the Crown Publishing Group was operated as an independent division until 2018, when it was merged with the rest of Random House's adult programs. Crown authors include Jean Auel, Max Brooks, George W. Bush, Eitan Bernath, Deepak Chopra, Ann Coulter, Andrew Cuomo, Giada De Laurentiis, Will Ferrell (as fictional character Ron Burgundy), Gillian Flynn, Jim Gaffigan, Ina Garten, Mindy Kaling, Rachel Maddow, Jillian Michaels, Barack Obama, Michelle Obama, Theresa Rebeck, Mark Brennan Rosenberg, Judith Rossner, Rebecca Skloot, Suzanne Somers, Martha Stewart, Jonah Goldberg, Michael Jackson and many others. His ...
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The Economist
''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Economist Group, with its core editorial offices in the United States, as well as across major cities in continental Europe, Asia, and the Middle East. In 2019, its average global print circulation was over 909,476; this, combined with its digital presence, runs to over 1.6 million. Across its social media platforms, it reaches an audience of 35 million, as of 2016. The newspaper has a prominent focus on data journalism and interpretive analysis over original reporting, to both criticism and acclaim. Founded in 1843, ''The Economist'' was first circulated by Scottish economist James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Over time, the newspaper's coverage expanded further into ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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Daniel Kahneman
Daniel Kahneman (; he, דניאל כהנמן; born March 5, 1934) is an Israeli-American psychologist and economist notable for his work on the psychology of judgment and decision-making, as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences (shared with Vernon L. Smith). His empirical findings challenge the assumption of human rationality prevailing in modern economic theory. With Amos Tversky and others, Kahneman established a cognitive basis for common human errors that arise from heuristics and biases, and developed prospect theory. In 2011 he was named by '' Foreign Policy'' magazine in its list of top global thinkers. In the same year his book ''Thinking, Fast and Slow'', which summarizes much of his research, was published and became a best seller. In 2015, ''The Economist'' listed him as the seventh most influential economist in the world. He is professor emeritus of psychology and public affairs at Princeton U ...
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Thinking, Fast And Slow
''Thinking, Fast and Slow'' is a 2011 book by psychologist Daniel Kahneman. The book's main thesis is a differentiation between two modes of thought: "System 1" is fast, instinctive and emotional; "System 2" is slower, more deliberative, and more logical. The book delineates rational and non-rational motivations or triggers associated with each type of thinking process, and how they complement each other, starting with Kahneman's own research on loss aversion. From framing choices to people's tendency to replace a difficult question with one which is easy to answer, the book summarizes several decades of research to suggest that people have too much confidence in human judgement. Kahneman performed his own research, often in collaboration with Amos Tversky, which enriched his experience to write the book. It covers different phases of his career: his early work concerning cognitive biases, his work on prospect theory and happiness, and with the Israel Defense Forces. The book ...
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Harvard Business Review
''Harvard Business Review'' (''HBR'') is a general management magazine published by Harvard Business Publishing, a wholly owned subsidiary of Harvard University. ''HBR'' is published six times a year and is headquartered in Brighton, Massachusetts. ''HBR'' covers a wide range of topics that are relevant to various industries, management functions, and geographic locations. These include leadership, negotiation, strategy, operations, marketing, and finance. ''Harvard Business Review'' has published articles by Clayton Christensen, Peter F. Drucker, Michael E. Porter, Rosabeth Moss Kanter, John Hagel III, Thomas H. Davenport, Gary Hamel, C. K. Prahalad, Vijay Govindarajan, Robert S. Kaplan, Rita Gunther McGrath and others. Several management concepts and business terms were first given prominence in ''HBR''. ''Harvard Business Review''s worldwide English-language circulation is 250,000. HBR licenses its content for publication in thirteen languages besides English. Ba ...
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The Power Of Mathematical Thinking
''The'' () is a grammatical article in English, denoting persons or things that are already or about to be mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with nouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant sound, and as (homophone of the archaic pron ...
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Jordan Ellenberg
Jordan Stuart Ellenberg (born October 30, 1971) is an American mathematician who is a professor of mathematics at the University of Wisconsin–Madison. His research involves arithmetic geometry. He is also an author of both fiction and non-fiction writing. Early life Ellenberg was born in Potomac, Maryland. He was a child prodigy who taught himself to read at the age of two by watching ''Sesame Street''. His mother discovered his ability one day while she was driving on the Capital Beltway when her toddler informed her: "The sign says ' Bethesda is to the right.'" In second grade, he helped his teenage babysitter with her math homework. By fourth grade, he was participating in high school competitions (such as the American Regions Mathematics League) as a member of the Montgomery County math team. And by eighth grade, he had started college-level work. He was part of the Johns Hopkins University Study of Mathematically Precocious Youth longitudinal cohort. He scored a perfec ...
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