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

by Philip E. Tetlock

Book Overview

Since its original publication, Expert Political Judgment by New York Times bestselling author Philip Tetlock has established itself as a contemporary classic in the literature on evaluating expert... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 0691128715
• ISBN13: 9780691128719
• Release Date: August 2006
• Publisher: Princeton University Press
• Length: 344 Pages
• Weight: 1.10 lbs.
• Dimensions: 0.9" x 6.0" x 9.3"

Customer Reviews

Anyone who forecasts or does formal planning for a living...

...can't afford to do without this book. It is scary to think that many people will be writing PhDs in the Social Sciences, and then be called upon to make or influence policy without being familiar with this book's central arguments and evidence.

A classic of Political Science & Cognitive Psychology

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.

brilliant and encouraging

Why isn't this book on the front page of every newspaper everywhere? The author makes a cogent argument that informed amateurs are as good as "experts" in seriously important fields from investing to politics. He provides experimental evidence that this is the case. This is the hypothesis that a bunch of farmers and merchants tested when they sat down and organized the United States of America. This is the hypothesis that every smart investor proves when he meets or beats hedge funds spending millions on experts and computer power. A very empowering book. Well-written, well-argued, well-referenced. I dare you to read this one and not give it to a friend.

Careful, Plodding, Objective

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 prediction markets, 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

Great Decision Making Evidence

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.