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Saturday, August 23, 2008
I predict your prediction is wrong
Over the course of 20 years, Philip Tetlock, a University of California psychologist, followed the prognostications of esteemed political scientists, economists, journalists and others whose work involved "commenting or offering advice on political or economic trends." In all, Tetlock's experts made 82,361 predictions. They were appallingly inaccurate. Tetlock discovered a flipped coin would have done better.
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