Sunday, September 27, 2015

The Fox and the Hedgehog

The book describes another contest, this time run by America’s spies in the wake of the disastrous misadventure in Iraq. Begun in 2011, it posed hundreds of geopolitical questions (“Will Saudi Arabia agree to OPEC production cuts in November 2014?” for instance) to thousands of volunteer participants. A small number of forecasters began to pull clear of the pack: the titular “superforecasters”. Their performance was consistently impressive. With nothing more than an internet connection and their own brains, they consistently beat everything from financial markets to trained intelligence analysts with access to top-secret information.
They were an eclectic bunch: housewives, unemployed factory workers and professors of mathematics. But Mr Tetlock and his collaborators were able to extract some common personality traits. Superforecasters are clever, on average, but by no means geniuses. More important than sheer intelligence was mental attitude. Borrowing from Sir Isaiah Berlin, a Latvian-born British philosopher, Mr Tetlock divides people into two categories: hedgehogs, whose understanding of the world depends on one or two big ideas, and foxes, who think the world is too complicated to boil down into a single slogan. Superforecasters are drawn exclusively from the ranks of the foxes.
"Predicting the future: Unclouded vision," The Economist, Accessed on September 27, 2015, http://www.economist.com/news/books-and-arts/21666098-forecasting-talent-luckily-it-can-be-learned-unclouded-vision

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