Author:
Chang Welton,Chen Eva,Mellers Barbara,Tetlock Philip
Abstract
AbstractThe heuristics-and-biases research program highlights reasons for expecting people to be poor intuitive forecasters. This article tests the power of a cognitive-debiasing training module (“CHAMPS KNOW”) to improve probability judgments in a four-year series of geopolitical forecasting tournaments sponsored by the U.S. intelligence community. Although the training lasted less than one hour, it consistently improved accuracy (Brier scores) by 6 to 11% over the control condition. Cognitive ability and practice also made largely independent contributions to predictive accuracy. Given the brevity of the training tutorials and the heterogeneity of the problems posed, the observed effects are likely to be lower-bound estimates of what could be achieved by more intensive interventions. Future work should isolate which prongs of the multipronged CHAMPS KNOW training were most effective in improving judgment on which categories of problems.
Publisher
Cambridge University Press (CUP)
Subject
Economics and Econometrics,Applied Psychology,General Decision Sciences
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