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Expert Political Judgment: How Good Is It? How Can We Know? [Hardcover]

Philip E. Tetlock (Author)
4.3 out of 5 stars  See all reviews (19 customer reviews)


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Book Description

0691123020 978-0691123028 July 5, 2005

The intelligence failures surrounding the invasion of Iraq dramatically illustrate the necessity of developing standards for evaluating expert opinion. This book fills that need. Here, Philip E. Tetlock explores what constitutes good judgment in predicting future events, and looks at why experts are often wrong in their forecasts.

Tetlock first discusses arguments about whether the world is too complex for people to find the tools to understand political phenomena, let alone predict the future. He evaluates predictions from experts in different fields, comparing them to predictions by well-informed laity or those based on simple extrapolation from current trends. He goes on to analyze which styles of thinking are more successful in forecasting. Classifying thinking styles using Isaiah Berlin's prototypes of the fox and the hedgehog, Tetlock contends that the fox--the thinker who knows many little things, draws from an eclectic array of traditions, and is better able to improvise in response to changing events--is more successful in predicting the future than the hedgehog, who knows one big thing, toils devotedly within one tradition, and imposes formulaic solutions on ill-defined problems. He notes a perversely inverse relationship between the best scientific indicators of good judgement and the qualities that the media most prizes in pundits--the single-minded determination required to prevail in ideological combat.

Clearly written and impeccably researched, the book fills a huge void in the literature on evaluating expert opinion. It will appeal across many academic disciplines as well as to corporations seeking to develop standards for judging expert decision-making.



Editorial Reviews

Review

It is the somewhat gratifying lesson of Philip Tetlock's new book . . . that people who make prediction their business--people who appear as experts on television, get quoted in newspaper articles, advise governments and businesses, and participate in punditry roundtables--are no better than the rest of us. When they're wrong, they're rarely held accountable, and they rarely admit it, either. . . . It would be nice if there were fewer partisans on television disguised as "analysts" and "experts". . . . But the best lesson of Tetlock's book may be the one that he seems most reluctant to draw: Think for yourself.
(Louis Menand The New Yorker )

Before anyone turns an ear to the panels of pundits, they might do well to obtain a copy of Phillip Tetlock's new book Expert Political Judgment: How Good Is It? How Can We Know? The Berkeley psychiatrist has apparently made a 20-year study of predictions by the sorts who appear as experts on TV and get quoted in newspapers and found that they are no better than the rest of us at prognostication.
(Jim Coyle Toronto Star )

Tetlock uses science and policy to brilliantly explore what constitutes good judgment in predicting future events and to examine why experts are often wrong in their forecasts.
(Choice )

[This] book . . . Marshals powerful evidence to make [its] case. Expert Political Judgment . . . Summarizes the results of a truly amazing research project. . . . The question that screams out from the data is why the world keeps believing that "experts" exist at all.
(Geoffrey Colvin Fortune )

Philip Tetlock has just produced a study which suggests we should view expertise in political forecasting--by academics or intelligence analysts, independent pundits, journalists or institutional specialists--with the same skepticism that the well-informed now apply to stockmarket forecasting. . . . It is the scientific spirit with which he tackled his project that is the most notable thing about his book, but the findings of his inquiry are important and, for both reasons, everyone seriously concerned with forecasting, political risk, strategic analysis and public policy debate would do well to read the book.
(Paul Monk Australian Financial Review )

Phillip E. Tetlock does a remarkable job . . . applying the high-end statistical and methodological tools of social science to the alchemistic world of the political prognosticator. The result is a fascinating blend of science and storytelling, in the the best sense of both words.
(William D. Crano PsysCRITIQUES )

Mr. Tetlock's analysis is about political judgment but equally relevant to economic and commercial assessments.
(John Kay Financial Times )

Why do most political experts prove to be wrong most of time? For an answer, you might want to browse through a very fascinating study by Philip Tetlock . . . who in Expert Political Judgment contends that there is no direct correlation between the intelligence and knowledge of the political expert and the quality of his or her forecasts. If you want to know whether this or that pundit is making a correct prediction, don't ask yourself what he or she is thinking--but how he or she is thinking.
(Leon Hadar Business Times )

Review

This book is a landmark in both content and style of argument. It is a major advance in our understanding of expert judgment in the vitally important and almost impossible task of political and strategic forecasting. Tetlock also offers a unique example of even-handed social science. This may be the first book I have seen in which the arguments and objections of opponents are presented with as much care as the author's own position.
(Daniel Kahneman, Princeton University, recipient of the 2002 Nobel Prize in economic sciences )

Product Details

  • Hardcover: 352 pages
  • Publisher: Princeton University Press (July 5, 2005)
  • Language: English
  • ISBN-10: 0691123020
  • ISBN-13: 978-0691123028
  • Product Dimensions: 9.2 x 6.3 x 1.2 inches
  • Shipping Weight: 1.4 pounds
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (19 customer reviews)
  • Amazon Best Sellers Rank: #712,026 in Books (See Top 100 in Books)

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Customer Reviews

19 Reviews
5 star:
 (14)
4 star:
 (2)
3 star:    (0)
2 star:
 (1)
1 star:
 (2)
 
 
 
 
 
Average Customer Review
4.3 out of 5 stars (19 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

33 of 36 people found the following review helpful:
5.0 out of 5 stars A classic of Political Science & Cognitive Psychology, January 5, 2007
By 
Dr. Frank Stech (Glenndale, MD USA) - See all my reviews
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Tetlock shows conclusively two key points: First, the best experts in making political estimates and forecasts are no more accurate than fairly simple mathematical models of their estimative processes. This is yet another confirmation of what Robyn Dawes termed "the robust beauty of simple linear models." The inability of human experts to out-perform models based on their expertise has been demonstrated in over one hundred fields of expertise over fifty years of research; one of the most robust findings in social science. Political experts are no exception.
Secondly, Tetlock demonstrates that experts who know something about a number of related topics (foxes) predict better than experts who know a great deal about one thing (hedgehogs). Generalist knowledge adds to accuracy.
Tetlock's survey of this research is clear, crisp, and compelling. His work has direct application to world affairs. For example he is presenting his findings to a conference of Intelligence Community leaders next week (Jan 2007) at the invitation of the Director of National Intelligence.
"Expert Political Judgment" is recommended to anyone who depends on political experts, which is pretty much all of us. Tetlock helps the non-experts to know more about what the experts know, how they know it, and how much good it does them in making predictions.
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20 of 22 people found the following review helpful:
5.0 out of 5 stars Careful, Plodding, Objective, September 22, 2006
By 
Peter McCluskey (San Bruno, CA USA) - See all my reviews
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This book is a rather dry description of good research into the forecasting abilities of people who are regarded as political experts. It is unusually fair and unbiased.
His most important finding about what distinguishes the worst from the not-so-bad is that those on the hedgehog end of Isaiah Berlin's spectrum (who derive predictions from a single grand vision) are wrong more often than those near the fox end (who use many different ideas). He convinced me that that finding is approximately right, but leaves me with questions.
Does the correlation persist at the fox end of the spectrum, or do the most fox-like subjects show some diminished accuracy?
How do we reconcile his evidence that humans with more complex thinking do better than simplistic humans, but simple autoregressive models beat all humans? That seems to suggest there's something imperfect in using the hedgehog-fox spectrum. Maybe a better spectrum would use evidence on how much data influences their worldviews?
Another interesting finding is that optimists tend to be more accurate than pessimists. I'd like to know how broad a set of domains this applies to. It certainly doesn't apply to predicting software shipment dates. Does it apply mainly to domains where experts depend on media attention?
To what extent can different ways of selecting experts change the results? Tetlock probably chose subjects that resemble those who most people regard as experts, but there must be ways of selecting experts which produce better forecasts. It seems unlikely they can match <a href="http://hanson.gmu.edu/ideafutures.html">prediction markets</a>, but there are situations where we probably can't avoid relying on experts.
He doesn't document his results as thoroughly as I would like (even though he's thorough enough to be tedious in places):
I can't find his definition of extremists. Is it those who predict the most change from the status quo? Or the farthest from the average forecast?
His description of how he measured the hedgehog-fox spectrum has a good deal of quantitative evidence, but not quite enough for me check where I would be on that spectrum.
How does he produce a numerical timeseries for his autoregressive models? It's not hard to guess for inflation, but for the end of apartheid I'm rather uncertain.
Here's one quote that says a lot about his results:

Beyond a stark minimum, subject matter expertise in world politics translates less into forecasting accuracy than it does into overconfidence
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9 of 9 people found the following review helpful:
5.0 out of 5 stars Great Decision Making Evidence, March 10, 2006
By 
T. Coyne (San Francisco, CA USA) - See all my reviews
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This review is from: Expert Political Judgment: How Good Is It? How Can We Know? (Hardcover)
As both a consultant and an investment manager I have spent a lot of years studying decision theory. One limitation in a lot of the work I encountered was its heavy reliance on lab studies using students. You were never quite sure if the conclusions applied in the "real world." This outstanding book puts that concern to rest. It is by far the richest body of evidence I have encountered on decision making in real world situations. Anybody interested in decision making and decision theory will profit from reading it.
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Inside This Book (learn more)
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
reputational bets, belief updaters, unpacking condition, psychological skeptics, belief system defenses, counterfactual probes, controversy adjustments, subjective probability forecasts, dissonant evidence, fox advantage, secessionist referendum, scoring adjustments, correspondence indicators, hedgehog style, calibration scores, human forecasters, forces shaping events, likelihood judgments, hindsight effect, clairvoyance test, good political judgment, kth category, extrapolation algorithms, political prognostication, explanatory closure
Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Soviet Union, South Africa, United States, Technical Appendix, North Korea, Current History, Oxford University Press, Communist Party, Psychological Review, Political Psychology, Cambridge University Press, European Monetary Union, Methodological Appendix, Isaiah Berlin, Princeton University Press, Harvard University Press, Saudi Arabia, Deng Xiaoping, Psychological Bulletin, Westview Press, World Bank, Middle East, Parti Québecois, Social Cognition
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