Posted 11/2/2011 00:25 (#2029791) Subject: Interesting take on predictions of the future.
Experts are worse at forecasting the future than non-experts.
Philip Tetlock did the definitive experiment. He gathered a sample of 284 experts – political scientists, economists and journalists – and harvested 27,450 different specific judgments from them about the future then waited to see if they came true. The results were terrible. The experts were no better than “a dart-throwing chimpanzee”.