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Summary of Superforecasting 

4.5 . 2606 reviews

Short summary

Do you find Wall Street financial forecasters’ activities somewhat enigmatic? Perhaps their ability to predict market trends strikes you as a magical hoax that is restricted to a select few. Maybe you subconsciously crave the ability to know the stocks that will perform best. Or predict the next hand to be dealt at a poker table? This summary does not promise you magical abilities, but reading to the end will set you apart with above-average predicting skills. A book full of insights, “Superforcasting” demystifies the tricks behind predicting the future. Tetlock dedicated himself to observing the skills and trends among individuals identified as accurate forecasters. He subsequently compounded the insights from his research into Superforecasters. All intelligent humans tend to practice some form of forecasting, which are often guesses. The power-packed lessons of this summary dispel the false predictions of self-acclaimed experts. It also highlights the possibility of the average person accurately predicting the future by training their judgment. Philip E. Tetlock is a renowned social scientist and Professor at the University of Pennsylvania. He is a political psychologist who has over two hundred research articles to his name; published in well-ranking journals. For Tetlock’s specialty and expertise in the empirical study of forecasting, he has received awards from multiple societies. He has been awarded by bodies like the American Psychological Association, the American Political Science Association, and the National Academy of Science. Dan Gardner was an investigative journalist and newspaper columnist before branching out into non-fiction writing. He is a New York Times best-selling author who has won many awards in his native Canada and international scene. “Foresight isn’t a mysterious gift bestowed at birth. It is the product of particular ways of thinking, of beliefs. These habits of thought can be learned and cultivated by any intelligent, thoughtful, determined person.” ~ Philip E. Tetlock

Table of content

  • Summary of Superforecasting
  • About the author
  • What is Superforecasting about?
  • Who should read Superforecasting
  • Topics in Superforecasting
first key point

Intentional predictability is possible by learned effort

Listen the first key point
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A tent was located strategically on the fringes of the circus. It reeked of characteristic incense with a far from agreeable odor. Martin strutted in behind the gypsy, and they both sat at a table with a glass orb at its very center. She then started drawing cards and made predictions of Martin’s future. The gypsy did not show signs of being finished with him when he sprang to his feet and briskly walked out the tent door. Martin left the gypsy’s tent a sad man, not because of the news, but because he was ignorant of ways to confirm the predictions’ integrity.

Though circuses, orbs, and gypsies are a laughable thought, it is interesting that a lot of guessing goes into several glorified predictions that govern our daily lives. Many investors purchase company IPOs on unverified forecasts by stock market pundits. When the purchased stock fails to perform as predicted, the investors are more likely to blame it on hard luck. But, accurate forecasting becomes crucial for predicting a region’s political climate.
The average forecasting expert is roughly as accurate as a dart-throwing chimpanzee.
In reality, no one subjects the foresight of prediction experts to scrutiny due to their celebrity status. And when analyzing some of their judgments that falter—in retrospect, they duck using the excuse of ‘unforeseen variables.’ But, research by psychology experts reveal predictions of above-average accuracy as possible. Thus, Tetlock and Gardner provide beginners with a guide to accurate forecasting; using simple empirical probability.
second key point

Now you see me; now you don’t

Predictions happen to be a part of our everyday lives, and more so with patterned activities or decisions. However, some of the decisions influenced by such pseudo subconscious predictions often ripple outwards. And in the long run, it affects other decisions.
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third key point

Do we know as much as we claim?

fourth key point

Putting predictions to the test

fifth key point

Do you qualify as a superforecaster?

sixth key point

Why are superforecasters so good?

seventh key point

Benefits of flowing with the tides, and rowing occasionally

eighth key point

Conclusion

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What is Superforecasting about?

Who should read Superforecasting

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Do you find yourself staring at your computer for long minutes, unaware of time slipping by? Do you enter a room and suddenly cannot remember why you stepped in the first place? Is it a herculean task for you to sit through ten pages of a book without reaching for your phone? If yes, your focus needs some work and fast.

Actually, yours is not a unique situation. Many adults like you have issues concentrating on a given task. However, in this fast-paced world of ours, you can’t afford to be not focused at all times. Thankfully, this article comes to your rescue! With the tips and tricks from Hyperfocus by Chris Bailey, you will get in the top percent of folks who have mastered the art of concentration.