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three factors determined how accurate the forecasters were. First were psychological factors: “inductive reasoning, pattern detection, open-mindedness and the tendency to look for information that goes against one’s favored views, especially combined with political knowledge.” Second was the forecasting environment, including training in probabilistic reasoning and team discussion of rationales. Finally, not surprisingly, effort made a difference; the more time forecasters spent deliberating their predictions, the better they did.
The Gray Rhino: How to Recognize and Act on the Obvious Dangers We Ignore
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