Forecasting

Experts Guess. Superforecasters Know Better.

Tetlock proved forecasting is a trainable, measurable skill, yet officials deciding wars, pandemics, and economies are almost never scored on accuracy.

Key numbers

More accurate than intelligence analysts with classified access

More accurate than intelligence analysts with classified access 30%+
Estimated cost of the Iraq War, launched on a forecasting failure $2 trillion

The evidence

The Trillion-Dollar Guess

In 2002, US intelligence told policymakers Iraq had active weapons of mass destruction programs. A bipartisan commission later found the government was wrong in almost all of its pre-war judgments (Iraq Intelligence Commission, 2005). The resulting war cost an estimated $2 trillion and over 4,500 American lives (AP, 2023).

Experts, Barely Better Than Chance

Philip Tetlock tracked 284 political and economic experts across roughly 82,000 forecasts made over 20 years. The average expert performed only marginally better than random guessing (Tetlock, Expert Political Judgment, 2005).

Superforecasters Beat the CIA

When US intelligence funder IARPA ran a four-year forecasting tournament, the sharpest 2 percent of volunteers, dubbed superforecasters, outperformed professional intelligence analysts with access to classified information by more than 30 percent (Good Judgment Project).

Aggregation Beats Any Single Genius

Pooling and extremizing forecasts from small teams outperformed the raw crowd average by roughly 10 percent in Good Judgment Project trials. Metaculus has logged a community Brier score of approximately 0.11 across thousands of resolved questions.

We Disagree Most on What Matters Most

In the largest existential risk forecasting tournament ever run, domain experts estimated a median 6 percent chance of human extinction by 2100, while superforecasters estimated roughly 1 percent, a sixfold gap on the highest-stakes question humanity faces (Forecasting Research Institute, 2023).

A Field Still Waiting for Investment

Tetlock's research began in 1984. Roughly four decades later, Open Philanthropy only launched a dedicated Forecasting grantmaking program in 2024, and total philanthropic funding for the entire field remains small next to the scale of decisions it could improve.

What we can do

Phase 1: fund the infrastructure, platforms like Metaculus and organizations like Good Judgment and the Forecasting Research Institute need resources to run tournaments across defense, health, and economic policy. Phase 2: mandate it, agencies and legislatures making high-stakes calls should log calibrated, scored probability estimates before acting. Phase 3: make accuracy public, building permanent track records for pundits, officials, and institutions.

Sources: Philip Tetlock (Expert Political Judgment, Superforecasting), Good Judgment Project, IARPA ACE Tournament, Iraq Intelligence Commission (2005), Metaculus, Forecasting Research Institute, Open Philanthropy

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