2023
DOI: 10.1038/s41562-022-01517-1
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Insights into the accuracy of social scientists’ forecasts of societal change

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Cited by 37 publications
(14 citation statements)
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References 65 publications
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“…When the forecasts were compared to the true outcomes, Grossmann et al discovered that the forecasts of the social scientists were not particularly impressive. They conclude that "social scientists' forecasts were on average no more accurate than simple statistical models" 5 , a finding that is consistent with previous research 2 . Grossmann et al 5 also found that "for most domains, social scientists' predictions were either similar to or worse than the [nonexpert] crowd's prediction".…”
supporting
confidence: 85%
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“…When the forecasts were compared to the true outcomes, Grossmann et al discovered that the forecasts of the social scientists were not particularly impressive. They conclude that "social scientists' forecasts were on average no more accurate than simple statistical models" 5 , a finding that is consistent with previous research 2 . Grossmann et al 5 also found that "for most domains, social scientists' predictions were either similar to or worse than the [nonexpert] crowd's prediction".…”
supporting
confidence: 85%
“…They conclude that "social scientists' forecasts were on average no more accurate than simple statistical models" 5 , a finding that is consistent with previous research 2 . Grossmann et al 5 also found that "for most domains, social scientists' predictions were either similar to or worse than the [nonexpert] crowd's prediction". However, these findings are also consistent with a slightly different comparison that makes the social scientists look a bit better: in five domains, social scientists beat the nonexpert crowd; in one domain, the nonexpert crowd beat the social scientists; and in six domains, it was not possible to declare a clear winner.…”
supporting
confidence: 85%
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“…Although our conclusions are limited by the small number of specific domains assessed here, they nevertheless suggest that scientists may use their greater knowledge of research and theory to justify, rather than shape, the intuitions they share with the average person 3 . This work, along with other forecasting tournaments among social scientists (The Forecasting et al, 2023), raises important questions about how to improve the accuracy of scientists’ predictions regarding the societal effects of events like the COVID-19 pandemic.…”
Section: Discussionmentioning
confidence: 99%
“…These innovations include fine-grained data (1), novel methods and algorithms (2), systematic expert surveys (3) and the usage of alternative early warning proxies such as news reports (4) or financial market developments (5,6). In addition, the prediction community has become increasingly aware of potential forecasting biases and the benefits of simple data-driven models (7).…”
mentioning
confidence: 99%