{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/9a03fe9e-1ff0-4dcc-b3f6-50bd1f016ea4/da492f2e-edf3-4be6-9072-0421ec20996e?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Superforecasting","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/6195701f2eacc3a36070252a/619570bccb3c660012e3d041.jpg?height=200","description":"<p>We talk to David Spiegelhalter, Professor of the Public Understanding of Risk, about the science of forecasting.&nbsp;Who or what are the superforecasters?&nbsp;How can they help governments make better decisions?&nbsp;And will intelligent machines ever be able to outdo the humans at seeing into the future?&nbsp;&nbsp;From Cummings to coronavirus, a conversation about the knowns, unknowns and what lies beyond that.</p><p><br></p><p>Talking Points:&nbsp;</p><p><br></p><p>Tetlock discovered that some people make better predictions than others.</p><ul><li>Some of the qualities that make this possible are deeply human, such as doggedness, determinedness, and openness to new information, but others are mathematical.&nbsp;</li><li>Superforecasters are highly numerate: they have a sense of magnitude.</li></ul><p><br></p><p>Good superforecasters isolate themselves emotionally from the problem: you have to be cold about it.&nbsp;</p><ul><li>Think about George Soros shorting the pound.&nbsp;</li></ul><p><br></p><p>There’s a difference between having more superforecasting and more superforecasters.&nbsp;</p><ul><li>How do you integrate people like this into existing institutions?</li><li>These people are often disruptive.&nbsp;</li><li>Probabilistic information is finely grained: what does this mean for political decision making?</li></ul><p><br></p><p>Superforecasters aren’t decision makers: they give you the odds.&nbsp;</p><ul><li>But they are better than the betting markets.</li><li>Betting markets reflect what people would like to happen rather than what they should think will happen. They aren’t cold enough.</li></ul><p><br></p><p>Tetlock’s book places a huge emphasis on human characteristics.&nbsp;</p><ul><li>Algorithms can do superforecasting only in repetitive, data rich restrictive problems</li><li>Tetlockian problems are much more complex.&nbsp;</li><li>People often make a category error when they think about what AI can do.&nbsp;</li></ul><p><br></p><p>Mentioned in this Episode:&nbsp;</p><ul><li><a href=\"https://www.penguinrandomhouse.com/books/227815/superforecasting-by-philip-e-tetlock-and-dan-gardner/\" rel=\"noopener noreferrer\" target=\"_blank\">Superforecasting, by Philip Tetlock and Dan Gardner</a></li><li><a href=\"https://www.penguin.co.uk/books/294/294857/learning-from-data/9780241258767.html\" rel=\"noopener noreferrer\" target=\"_blank\">David’s book, The Art of Statistics</a></li><li><a href=\"https://www.hachette.co.uk/titles/mervyn-king/radical-uncertainty/9781408712603/\" rel=\"noopener noreferrer\" target=\"_blank\">Radical Uncertainty by Mervyn King and John Kay</a></li><li><a href=\"https://www.waterstones.com/book/the-black-swan/nassim-nicholas-taleb/9780141034591\" rel=\"noopener noreferrer\" target=\"_blank\">The Black Swan by Nassim Nicholas Taleb</a></li><li><a href=\"https://riskytalk.libsyn.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Risky Talk, David’s podcast</a></li></ul><p><br></p><p>Further Learning:&nbsp;</p><ul><li><a href=\"https://www.ft.com/content/803a430a-442b-11e6-b22f-79eb4891c97d\" rel=\"noopener noreferrer\" target=\"_blank\">Philip Tetlock’s lunch with the FT</a></li><li><a href=\"https://dominiccummings.com/2016/11/24/a-review-of-tetlocks-superforecasting-2015/\" rel=\"noopener noreferrer\" target=\"_blank\">Dominic Cumming’s review of Superforecasting</a></li><li><a href=\"https://www.npr.org/2019/07/08/739502013/the-fox-and-the-hedgehog-a-story-of-triumphs-and-tragedy\" rel=\"noopener noreferrer\" target=\"_blank\">Are you a fox or a hedgehog?</a></li></ul><p><br></p><p><strong>And as ever, recommended reading curated by our friends at the LRB can be found here: </strong><a href=\"http://lrb.co.uk/talking\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>lrb.co.uk/talking</strong></a></p>","author_name":"David Runciman and Catherine Carr"}