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Here I discuss a speech made by Andrew Hauser, Deputy Governor of the RBA on how little forecasters know and how much humbler we should all be. I focus on what he didn't say, which is that the best way to tackle hubris and improve forecasting is to run open forecasting tournaments. Only then can you access 'superforecasters' — those people made famous by Philip Tetlock's bestselling 2015 book but whom official forecasters have never heard of or, having heard of them, try to put out of their mind.
By Nicholas GruenHere I discuss a speech made by Andrew Hauser, Deputy Governor of the RBA on how little forecasters know and how much humbler we should all be. I focus on what he didn't say, which is that the best way to tackle hubris and improve forecasting is to run open forecasting tournaments. Only then can you access 'superforecasters' — those people made famous by Philip Tetlock's bestselling 2015 book but whom official forecasters have never heard of or, having heard of them, try to put out of their mind.

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