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Better Forecasting Starts With Admitting You’re Wrong

Reported · Written up by our desk · Equity Funds

Good forecasting starts with a willingness to admit mistakes, according to Dan Gardner, co-author of “Superforecasting: The Art and Science of Prediction.” Key Takeaways: Superforecasters made frequent but small updates to their predictions, avoiding both stubbornness and overreaction to new information. Starting with category averages before examining specific details often produces better forecasts than focusing [...] The post Better Forecasting Starts With Admitting You’re Wrong appeared first on ETF Trends .

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