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Future Babble : Why Expert Predictions Fail - and Why We Believe Them Anyway
http://www.dangardner.ca/index.php/books/item/17-future-babbleQuote:
The core of Gardner’s account comes courtesy of the research of Philip Tetlock, a psychologist at the University of California. In a nutshell, Tetlock determined that “experts” in any given field were just slightly better at making predictions than a dart-throwing chimp. In addition, the more certain an expert was of a predicted outcome, and the bigger their media profile, the less accurate the prediction was likely to be.
Looking at the results of a variety of psychology experiments and some of the more spectacular flame-outs from recent years (population doomster Paul Ehrlich is given a particularly rough ride), Gardner examines Tetlock’s paradoxical findings and shows why being forearmed doesn’t protect us much against those seeking to forewarn us. Topics covered include why and to what extent the future must always be uncertain, why smart people make dumb predictions (and how they rationalize their mistakes), and why we are so easily conned by glib “hedgehogs” (experts who are certain of one big thing) and less impressed by thoughtful “foxes” (experts comfortable with their doubts and limitations).
As Yogi Berra observed, 'it's tough to make predictions, especially about the future.'