| Literature DB >> 25987508 |
Barbara Mellers1, Eric Stone2, Terry Murray3, Angela Minster4, Nick Rohrbaugh2, Michael Bishop2, Eva Chen2, Joshua Baker2, Yuan Hou2, Michael Horowitz2, Lyle Ungar2, Philip Tetlock2.
Abstract
Across a wide range of tasks, research has shown that people make poor probabilistic predictions of future events. Recently, the U.S. Intelligence Community sponsored a series of forecasting tournaments designed to explore the best strategies for generating accurate subjective probability estimates of geopolitical events. In this article, we describe the winning strategy: culling off top performers each year and assigning them into elite teams of superforecasters. Defying expectations of regression toward the mean 2 years in a row, superforecasters maintained high accuracy across hundreds of questions and a wide array of topics. We find support for four mutually reinforcing explanations of superforecaster performance: (a) cognitive abilities and styles, (b) task-specific skills, (c) motivation and commitment, and (d) enriched environments. These findings suggest that superforecasters are partly discovered and partly created-and that the high-performance incentives of tournaments highlight aspects of human judgment that would not come to light in laboratory paradigms focused on typical performance.Entities:
Keywords: expertise; forecasts; predictions; probability training; teams
Mesh:
Year: 2015 PMID: 25987508 DOI: 10.1177/1745691615577794
Source DB: PubMed Journal: Perspect Psychol Sci ISSN: 1745-6916