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Monday, July 1, 2019

Why Experts Almost Always Get It Wrong


the AZEL

PERSPECTIVE

Commentary on Cuba's Future, U.S. Foreign Policy & Individual Freedoms - Issue 185
 

Why Experts Almost Always Get It Wrong

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In a now classic experiment, political scientist Philip E. Tetlock showed that the predictions made by political experts are only slightly better than a random guess, and worse than the predictions made by a statistical model. The research was summarized in his 2005 book, Expert Political Judgement: How Good Is It? How Can We Know?
In this early work, Professor Tetlock recruited 284 experts from a variety of fields, such as government officials, professors, journalist, and others. Many of these experts were often asked to comment, or to offer advice, on political and economic trends.  Tetlock asked the experts to make roughly 28,000 predictions estimating the probability of future events over a nineteen year period from 1984 to 2003. The questions were along the lines of: Would Gorbachev be ousted in a coup? Would the United States go to war in the Persian Gulf?

The results were embarrassing; monkeys throwing darts would have done better than the experts. Those experts with the biggest media profile were particularly bad forecasters. These are the presumed experts, like me, that often appear in TV programs, in newspaper columns, in web searches, and in bookshelves.  Researchers, intrigued as to whether these results were exclusive to political predictions, tested the predictive accuracy of experts in other fields such as technology-trends and the outcome of Supreme Court cases. The results were the same: experts, almost always, get it wrong.

Professor Tetlock’s study came to the attention of the intelligence community, and prompted further work with the aim of improving geo-political and geo-economic forecasting. The latest research performed by the Good Judgement Project, suggests that some cognitive styles are more accurate at predicting than others.  Using the two personality types identified by Isaiah Berlin in his 1950 essay “The Hedgehog and the Fox”, the research compares the track record of predictive accuracy for “foxes” and “hedgehogs.”

Hedgehogs, in Tetlock’s terminology, are those experts that confidently look at events in terms of one big idea that they use almost exclusively as their reference point e.g., climate change, terrorism, Donald Trump, etc.  Foxes, in contrast, do not appear as confident as hedgehogs. Foxes are thinkers familiar with many small things who are very skeptical of grand explanatory schemes. Foxes know many things, whereas hedgehogs know only one thing. But it is hedgehogs, who dominate the media when it comes to forcefully predicting the future; and they are most often wrong.

Tetlock explains that, being deeply knowledgeable on one subject narrows our focus, and increases our confidence. But this narrow focus and confidence obscures dissenting views until they are no longer visible to the hedgehog. As a result, what should be the collection and analysis of unbiased information turns, for the hedgehog, into a self-serving gathering of biased material. This process of self-deception manifests itself in the self-assurance shown by hedgehogs.

In other words hedgehog-thinkers, who know one big thing, assertively extrapolate the explanatory power of that big thing into many spheres and are dismissive of those that “do not get it.” Fox-thinkers, in contrast, seek to put together diverse sources of information and appear quite hesitant about their ability to forecast future events.

Psychologists tell us that one reason we desire expert predictions is because we have a “need for closure.” That is, we want an answer to a question. Even if that answer is wrong, we find a wrong answer preferable to enduring a state of confusion and ambiguity. But, then again, if experts are almost always wrong, why should we listen to these psychological experts?

Our world is complex and messy. Forecasting requires intellectual teamwork, and the gathering of evidence from different sources. It involves thinking probabilistically, and being willing to admit error and change course. Forecasting involves incalculable contingencies and variables, not just one big idea.  Foxes are comfortable with this predictive environment; hedgehogs are not.

Let’s consider this next time we listen to, or read a prediction from an expert who sees the world in terms of one big explanatory idea. He is likely to be wrong.  People and environments are full of surprises.

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Abrazos,
 
Lily & José
 
(click on the name to email Lily or Jose)
José Azel, Ph.D.
José Azel left Cuba in 1961 as a 13 year-old political exile in what has been dubbed Operation Pedro Pan - the largest unaccompanied child refugee movement in the history of the Western Hemisphere.

He is currently dedicated to the in-depth analyses of Cuba's economic, social and political state, with a keen interest in post-Castro-Cuba strategies. Formerly, a Senior Scholar at the Institute for Cuban and Cuban-American Studies (ICCAS) at the University of Miami, Jose Azel has published extensively on Cuba related topics.

In 2012 and 2015, Dr. Azel testified in the U.S. Congress on U.S.-Cuba Policy, and U.S. National Security.  He is a frequent speaker and commentator on these and related topics on local, national and international media.  He holds undergraduate and masters degrees in business administration and a Ph.D. in International Affairs from the University of Miami.

José along with his wife Lily are avid skiers and adventure travelers.  In recent years they have climbed Grand Teton in Wyoming, trekked Mt. Kilimanjaro in Tanzania and Machu Pichu in Peru.  They have also hiked in Tibet and in the Himalayas to Mt. Everest Base Camp.

They cycled St. James Way (
El Camino de Santiago de Compostela) and cycled alongside the Danube from Germany to Hungary. They have scuba dived in the Bay Islands off the Honduran coast and in the Galapagos Islands.

Their adventurers are normally dedicated to raise funds for causes that are dear to them. 
Watch Joe & Lily summit Kilimanjaro.

Books by Dr. José Azel
"Liberty for beginners is much more than what the title promises. It is eighty themes touched with the wisdom of a master, and the charm of an excellent communicator. Anyone that wishes to understand why countries do, or do not progress, will find in this book the best explanations.
If it was in my power, this work would be required reading for all college and university students, and I would recommend its reading to politicians, journalists, and policymakers. With this book Azel accomplishes what was achieved in France by Frédéric Bastiat, and in the United States by Henry Hazlitt: brings together common sense with intelligent observation, and academic substance. Stupendous"
Carlos Alberto Montaner
"Libertad para novatos es mucho más de lo que promete el título. Son ochenta temas tocados con la sabiduría de un maestro y la amenidad de un excelente comunicador. Cualquier adulto que desee saber por qué progresan o se estancan los pueblos aquí encontrará las mejores explicaciones.
Si estuviera en mis manos, esta obra sería lectura obligatoria de todos los estudiantes, tanto de bachillerato como universitarios, pero, además, se la recomendaría a todos los políticos y periodistas, a todos los policy makers. Azel logra con este libro lo que Frédéric Bastiat consiguiera en Francia y Henry Hazlitt en Estados Unidos: aunar el sentido común, la observación inteligente y la enjundia académica. Estupendo."
Carlos Alberto Montaner
In Reflections on FreedomJosé Azel brings together a collection of his columns published in prestigious newspapers.  Each article reveals his heartfelt and personal awareness of the importance of freedom in our lives.  They are his reflections after nearly sixty years of living and learning as a Cuban outside Cuba. In what has become his stylistic trademark, Professor Azel brilliantly introduces complex topics in brief journalistic articles.
En Reflexiones sobre la libertad José Azel reúne una colección de sus columnas publicadas en prestigiosos periódicos. Cada artículo revela su percepción sincera y personal de la importancia de la libertad en nuestras vidas. Son sus reflexiones después de casi sesenta años viviendo y aprendiendo como cubano fuera de Cuba.  En lo que ha resultado ser característica distintiva de sus artículos, el Profesor Azel introduce con brillantez complejos temas en  breves artículos de carácter periodístico.
Mañana in Cuba is a comprehensive analysis of contemporary Cuba with an incisive perspective of the Cuban frame of mind and its relevancy for Cuba's future.
Pedazos y Vacíos is a collection of poems written in by Dr. Azel in his youth. Poems are in Spanish.
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