Friday, June 12, 2026 · 9:41 AM
ok dumb question
why would a broad thinker beat a credentialed expert at forecasting?
because forecasting is often a messy-room problem
the expert may know one corner perfectly, but the whole room has wires from 6 different houses
that sounds like cope for people who didnt get a PhD lol
fair objection
Epstein is not saying “ignore experts”
he’s saying credentials can overpromise when the domain is wicked: noisy feedback, shifting rules, long delays
so this is Chapter 10, the “fooled by expertise” bit?
yep. the public summaries point to Philip Tetlock’s forecasting work
Tetlock compared expert predictions across politics and international affairs over years
and the experts were bad?
often, yeah
his early project collected about 28,000 predictions from 284 experts
especially on longer-range calls, they were often barely better than chance or simple baseline guesses
the brutal part: media-famous forecasters tended to do especially poorly
being quotable is not the same thing as being calibrated
ok but why would fame make you worse
it can reward clean stories
“my model explains the world” travels better on TV than “i’m 62% sure and here are 4 ways i’m wrong”
lol grim
is that the fox vs hedgehog thing?
exactly
hedgehogs know one big thing. they push one grand theory hard
foxes know many little things. they borrow, compare, update, and hedge
roughly, yes
not “knows random trivia.” more like: keeps several lenses in the backpack
give me the normal-person version
a hedgehog walks into Home Depot with only a hammer
every problem starts looking like a nail, even when it’s a leaky pipe
a fox brings a small, ugly toolbox and keeps checking what kind of problem it actually is
the Good Judgment Project pushed this further
it used forecasting tournaments, Brier scores, training, and aggregation to test who actually called events better
Brier score sounds like a cheese tax
sadly no cheese
it’s a way to score probabilistic predictions, so “70% likely” can be judged after the event
so the trick is just say “maybe” a lot?
nope. fake humility is cheap
good forecasters update when evidence changes, compare base rates, and break big claims into smaller checkable pieces
base rates meaning “what usually happens in this kind of situation”?
yep
before asking “is this startup special,” ask what usually happens to startups like this
then adjust for the actual weird details
this feels very anti-expert tho
that’s the trap
in kind domains, expertise is gold: chess positions, surgical reps, things with stable rules and fast feedback
in wicked domains, expert pattern-recognition can get overconfident because the pattern changed
so the counterintuitive part is expertise can become a blindfold
sometimes
deep knowledge helps you see more, but it can also make you stop looking
what do i actually do with this at work?
for any prediction, write a number first: 55%, 70%, 90%
then ask: what base rate am i ignoring, what would change my mind, and who sees this from a different field?
so make my confidence auditable
exactly. make it measurable enough that future-you can learn instead of vibe-police the memory
and bring foxes into messy decisions?
bring foxes, keep experts, and make both show their work
that’s the Range move here
got it. small ugly toolbox over one shiny hammer
beautifully unglamorous
ok go assign probabilities to your chaos. ttyl
Read Fri, Jun 12 · 9:59 AM