The Science Of Prediction

Bruce Bueno de Mesquita prefers statistical models to experts:

[T]oo often many of us dismiss approaches to prediction that require knowledge of statistical methods, mathematics, and systematic research design. We seem to prefer “wisdom” over science, even though the evidence shows that the application of the scientific method, with all of its demands, outperforms experts (remember Johan de Witt). The belief that area expertise, for instance, is sufficient to anticipate the future is, as Tetlock convincingly demonstrated, just plain false. If we hope to build reliable predictions about human behavior, whether in China, Cameroon, or Connecticut, then probably we must first harness facts to the systematic, repeated, transparent application of the same logic across connected families of problems.