Superforecasting
How to Upgrade Your Company’s Judgment. by Paul J. H. Schoemaker and Philip E. Tetlock
IMAGINE THAT YOU COULD DRAMATICALLY IMPROVE your firm’s forecasting ability, but to do so you’d have to expose just how unreliable its predictions—and the people making them—really are. That’s exactly what the U.S. intelligence community did, with dramatic results. Back in October 2002, the National Intelligence Council issued its official opinion that Iraq possessed chemical and biological weapons and was actively producing more weapons of mass destruction. Of course, that judgment proved colossally wrong. Shaken by its intelligence failure, the $50 billion bureaucracy set out to determine how it could do better in the future, realizing that ...
Get HBR's 10 Must Reads on Managing Risk (with bonus article "Managing 21st-Century Political Risk" by Condoleezza Rice and Amy Zegart) now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.