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The Science of Success

How You Can Predict The Future Better Than World-Famous Experts - The Art & Science of Risk with Dan Gardner

The Science of Success

Matt Bodnar

Self-improvement, Social Sciences, Business, Science, Entrepreneurship, Education

4.61.1K Ratings

🗓️ 8 December 2016

⏱️ 51 minutes

🧾️ Download transcript

Summary

In this episode we discuss the radical mismatch between your intuitive sense of risk and the actual risks you face. We look at why most experts and forecasters are less accurate than dart throwing monkeys. We talk about how to simply and easily dramatically reduce your risk of most major dangers in your life. We explore the results from the “good judgment project” study of more than 20,000 forecasts. We talk about what superforecasters are and how they beat prediction markets, intelligence analysts with classified information, and software algorithms to make the best possible forecasts and MUCH more with Dan Gardner. Dan Gardner is a New York Times best-selling author and a senior fellow at the University of Ottawa’s Graduate School of Public and International Affairs. His latest book Superforecasting: The Art and Science of Prediction, which he co-authored with Philip Tetlock. Superforecasting was chosen as one of the best books of 2015 by The Economist, Bloomberg, and Amazon. Dan is also the author of Future Babble and Risk: The Science and Politics of Fear and previously worked as a policy advisor to the Premier of Ontario and a journalist with the Ottawa Citizen. How and why people make flawed judgements about riskThe radical mismatch between our intuitive sense of risk and the actual risks we faceWhy we are the safest, healthiest, wealthiest people to live on planet earth (and we don't realize it)Why we focus on vivid, dramatic risks, and ignore the real dangers in our livesHow to simply and easily dramatically reduce your risk of most major dangers in your lifeThe power of “meta cognition,” what it is, and why it’s so importantLessons you can learn from the mega successful investor George SorosWhy most forecasters are less accurate than monkeys throwing dartsThe difference between foxes and hedgehogs (and why you never want to be one of them)The inverse correlation between fame and prediction accuracyWhat cancer diagnosis shows about how averse people are to uncertaintyThe universal principles of good judgementThe importance of intellectual humility and intellectual curiosityWhy certainty is an illusion and nothing is ever certainWhy everything is a question of degrees of maybe (probabilistic thinking)The results from the “good judgement project” study of more than 20,000 forecastsWhat superforecasters are and how they beat prediction markets, intelligence analysts with classified information, and software algorithms to make the best possible forecastsThe differences between these “superforecasters” and regular forecastersThe importance of being “actively open minded"Why you should unpack smaller questions & looking things like base ratesHow to use “fermi estimates” to solve tough and challenging problemsWhy the growth mindset had a huge impact on positive ability to forecast Learn more about your ad choices. Visit megaphone.fm/adchoices See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

Welcome to the Science of Success with your host, Matt Bonner.

0:11.1

Welcome to the Science of Success.

0:14.0

I'm your host Matt Bodner.

0:16.0

I'm an entrepreneur and investor in Nashville, Tennessee,

0:19.0

and I'm obsessed with the mindset of success

0:21.0

and the psychology of performance. I've read hundreds of books

0:24.3

conducted countless hours of research and study and I'm going to take you on a journey into the

0:29.1

human mind and what makes peak performers tick. With a focus on always having our discussions rooted in psychological research and scientific fact, not opinion.

0:38.0

In this episode, we discuss the radical mismatch between your intuitive sense of risk and the actual risks you face.

0:44.7

We look at why most experts and forecasters are less accurate than dart throwing monkeys.

0:50.1

We talk about how to simply and dramatically reduce the risk of most of the major dangers in your life.

0:56.4

We explore the results from the Good Judgment Project, which is the study of more than 20,000 forecasts.

1:02.4

We talk about what super forecasters are, how they beat

1:05.9

prediction markets, how they beat intelligence analysts with classified information and

1:10.4

software algorithms to make the best possible forecasts and much more with Dan Gardner.

1:17.2

The Science of Success continues to grow with more than 650,000 downloads, listeners in

1:22.1

over 100 countries hitting hitting number one new and

1:24.2

noteworthy and more. A lot of our listeners are curious how to organize and

1:28.2

remember all this information. I get listener emails all the time asking me,

1:31.9

Matt, how do you keep track of everything Matt how do you keep track of everything how do you keep track of these interviews

1:35.5

podcasts books that you read studies that you read all this incredible information

1:40.0

I've developed a system from reading hundreds of books from doing all this research from interviewing these incredible experts and I put it all in a free PDF that you can get.

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