I recently picked up Philip Tetlock's Expert Political Judgment, an insightful analysis of expert opinion. Although there are many factors that might distinguish experts in the ability to predict outcomes, liberal versus conservative, intellectual depth and education, source material, etc., Tetlock found that the best predictor of forecasting accuracy was thinking like a fox, as opposed to the hedgehog, ala Isaiah Singer's essay. Fox thinking is nuanced and composed of many different themes, often conflicting, while hedgehogs tend to believe in one big, overarching idea.
This site, and my expected use, is to document my own failures and successes in predicting political and economic futures. The title, Elephant's Memory, alludes to the fox-like tendency, maybe even need, to remember one's own flawed predictions and adjust future reasoning accordingly.
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