Human and Algorithmic Predictions in Geopolitical Forecasting: Quantifying Uncertainty in Hard-to-Quantify Domains

Author:

Mellers Barbara A.1ORCID,McCoy John P.1,Lu Louise2,Tetlock Philip E.3

Affiliation:

1. Department of Marketing, University of Pennsylvania

2. Department of Marketing, Stanford Business School, Stanford University

3. Management Department of Wharton Business School, University of Pennsylvania

Abstract

Research on clinical versus statistical prediction has demonstrated that algorithms make more accurate predictions than humans in many domains. Geopolitical forecasting is an algorithm-unfriendly domain, with hard-to-quantify data and elusive reference classes that make predictive model-building difficult. Furthermore, the stakes can be high, with missed forecasts leading to mass-casualty consequences. For these reasons, geopolitical forecasting is typically done by humans, even though algorithms play important roles. They are essential as aggregators of crowd wisdom, as frameworks to partition human forecasting variance, and as inputs to hybrid forecasting models. Algorithms are extremely important in this domain. We doubt that humans will relinquish control to algorithms anytime soon—nor do we think they should. However, the accuracy of forecasts will greatly improve if humans are aided by algorithms.

Publisher

SAGE Publications

Subject

General Psychology

Cited by 4 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. Die Informatik und die Krise;Informatik Spektrum;2024-06-03

2. Deconstructing controversies to design a trustworthy AI future;Ethics and Information Technology;2024-05-23

3. Editorial for the Special Issue on Algorithms in Our Lives;Perspectives on Psychological Science;2024-01-02

4. The Social Psychology of the Wisdom of Crowds (with a New Section on Recent Advances);International Series in Operations Research & Management Science;2024

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3