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No Stupid Questions

53. What’s the Secret to Making a Great Prediction?

No Stupid Questions

Freakonomics Radio + Stitcher

Society & Culture

4.63.7K Ratings

🗓️ 21 December 2025

⏱️ 35 minutes

🧾️ Download transcript

Summary

Also: how do you recover from a bad day? This episode originally aired on May 23rd, 2021.

Transcript

Click on a timestamp to play from that location

0:00.0

This is what we're going to do. It's going to work out well because I said so.

0:08.7

I'm Angela Duckworth. I'm Stephen Dubner. And you're listening to No Stupid Questions.

0:14.2

Today on the show, what's the secret to making a great prediction? My prediction would have been

0:19.6

right if these things had happened.

0:21.7

Also, why do even the most successful people have bad days?

0:26.0

The eggs were overcooked.

0:30.0

Angela Duckworth.

0:31.5

Stephen Dubner.

0:32.6

There is at least one way that I would very much like to be more like my son, Solomon, who's a college

0:39.2

sophomore. He seems capable of making predictions in a way that is totally divorced from

0:45.9

emotion, even when he has a stake in the thing he's predicting. So as an example, he works in

0:52.5

politics. Okay. And he follows things closely and he has some decent information.

0:58.4

So he often has a pretty good sense of who's going to win a campaign, whether it's his candidate or the other.

1:03.4

And even if it's the opponent, he's pretty realistic about not letting his fan interests get in the way.

1:10.2

The same thing for sports.

1:11.9

And he'll even say, I have a lot of confidence in this particular projection.

1:16.0

Even though he has never studied with the forecasting guru Phil Tetlock, who you know,

1:22.0

it's probably never heard of Phil Tetlock.

1:23.8

He's able to really assess a probability about something that he cares about and then

1:30.0

follow it in a really unemotional way. And when I watch him do that, I think I would like to have

1:35.8

some of that, not just predictions and not just betting and not just sports and politics, but how can

1:43.2

I and maybe other people learn to make decisions

...

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