The start of a new calendar year is upon us. Everyone wants to know what is in store for us, and there is no shortage of those willing to make predictions. After such an abysmal year in trying to predict election outcomes you would think there would be some hesitation in offering prognostications.
There are those who extensively study prediction making, such as Phil Tetlock and his Good Judgement Project. He documented his work in a book he co-authored with Dan Gardner, called Superforecasting, the Art and Science of Prediction. He identified people, by nature of their approach to problem solving and prediction, who were much better than average at determining likely outcomes to an event or situation. The very best of them knew that they did not have all the answers, were always questioning themselves, acknowledged their mistakes and failures, were always looking for more information, and were willing to adjust and change their predictions based on that new information. He summed up their approach as “try, fail, analyze, adjust, try again”.