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"Genuinely arresting . . . required reading for journalists, politicians, academics, and anyone who listens to them."
-Steven Pinker, author of "How the Mind Works"
We are awash in predictions. In newspapers, blogs, and books; on radio and television. Every day experts tell us how the economy will perform next year, if housing sales will grow or shrink, and who will win the next election. Predictions are offered about the climate, food, technology, and the world our grandchildren will inhabit. And we can't get enough of it.
Drawing on research in cognitive psychology, political science, and behavioral economics, award-winning journalist Dan Gardner explores our obsession with the future. He shows how famous pundits, "hedgehogs" who stick to one big idea no matter how circumstances change, become expert at explaining away predictions that are wrong while "foxes," who are more equivocal in their judgments, are simply more accurate.
Kindle Edition
First published January 1, 2010
What all this means, very simply, is that accurate prediction often isn't needed in order to make good decisions. A rough sense of the possibilities and probabilities will often do. We can't predict earthquakes, but we do know where they are more or less likely and we make building codes less or more strict accordingly. That works. Similarly, it wasn't necessary to predict the 9/11 terrorist attack in order to know that having reinforced cockpit doors on jets is a good idea. In the 1990s, several incidents, including the stabbing of a Japan Airlines pilot but a deranged man, convinced many safety advocates and regulators that reinforced doors were a wise investment. They weren't in place on 9/11 because the airlines didn't want the extra cost and they successfully lobbied the politicians to block the proposal. It was politics, not unpredictability, that left planes vulnerable that fateful morning.