Why am I passionate about this?
Accurate and precise forecasting is essential for successful planning and policy from economics to epidemiology. We have been keen to understand why so many forecasts turn out to be highly inaccurate since making dreadful forecasts ourselves, and advising UK government agencies (Treasury, Parliament, Bank of England) during turbulent periods. As simple extrapolation often beats model-based forecasting, we have been developing improved methods that draw on the best aspects of both, and have published more than 60 articles and 6 books attracting more than 6000 citations by other scholars. Our recommended books cover a wide range of forecasting methods—suggesting there is no optimal way to look into the future.
David's book list on getting an insight into forecasting
Why did David love this book?
This is a book that brings forecasters down to earth with a bang – we are not all super-forecasters! There is no magic involved in forecasting – seeing into the future is impossible. But Tetlock and Gardner show that good decision-making should be based on a set of guidelines that can be adapted to any situation. The writing is slick, given one of the authors is a science journalist, and it provides salutary reading for any would be practical forecaster.
3 authors picked Superforecasting as one of their favorite books, and they share why you should read it.
The international bestseller
'A manual for thinking clearly in an uncertain world. Read it.' Daniel Kahneman, author of Thinking, Fast and Slow
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What if we could improve our ability to predict the future?
Everything we do involves forecasts about how the future will unfold. Whether buying a new house or changing job, designing a new product or getting married, our decisions are governed by implicit predictions of how things are likely to turn out. The problem is, we're not very good at it.
In a landmark, twenty-year study, Wharton professor Philip Tetlock showed that the average expert was only…