Showing posts with label Decision Sciences. Show all posts
Showing posts with label Decision Sciences. Show all posts
Friday, July 23, 2010
Saturday, February 13, 2010
Maths Podcast of the Day
In his book The Mathematician's Apology (1941), the Cambridge mathematician GH Hardy expressed his reverence for pure maths, and celebrated its uselessness in the real world. Yet one of the branches of pure mathematics in which Hardy excelled was number theory, and it was this field which played a major role in the work of his younger colleague, Alan Turing, as he worked first to crack Nazi codes at Bletchley Park and then on one of the first computers.
Melvyn Bragg and guests explore the many surprising and completely unintended uses to which mathematical discoveries have been put.
Download the podcast
Friday, March 27, 2009
Expert Political Judgment
The expert on experts is Philip Tetlock, a professor at the University of California, Berkeley. His 2005 book, “Expert Political Judgment,” is based on two decades of tracking some 82,000 predictions by 284 experts. The experts’ forecasts were tracked both on the subjects of their specialties and on subjects that they knew little about.
The result? The predictions of experts were, on average, only a tiny bit better than random guesses — the equivalent of a chimpanzee throwing darts at a board.
“It made virtually no difference whether participants had doctorates, whether they were economists, political scientists, journalists or historians, whether they had policy experience or access to classified information, or whether they had logged many or few years of experience,” Mr. Tetlock wrote....
Mr. Tetlock called experts such as these the “hedgehogs,” after a famous distinction by the late Sir Isaiah Berlin (my favorite philosopher) between hedgehogs and foxes. Hedgehogs tend to have a focused worldview, an ideological leaning, strong convictions; foxes are more cautious, more centrist, more likely to adjust their views, more pragmatic, more prone to self-doubt, more inclined to see complexity and nuance. And it turns out that while foxes don’t give great sound-bites, they are far more likely to get things right....
So what about a system to evaluate us prognosticators? Professor Tetlock suggests that various foundations might try to create a “trans-ideological Consumer Reports for punditry,” monitoring and evaluating the records of various experts and pundits as a public service. I agree: Hold us accountable!
-Learning How to Think
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