Future Babble: Why Pundits Are Hedgehogs and Foxes Know Best - Softcover

Gardner, Daniel

Softcover

ISBN 10: 0452297575 ISBN 13: 9780452297579

Publisher: Penguin Publishing Group, 2012

Synopsis

New York Times bestselling author of Superforecasting and Future Babble

"Genuinely arresting . . . required reading for journalists, politicians, academics, and anyone who listens to them."—Steven Pinker, author of How the Mind Works

 

We are awash in predictions. In newspapers, blogs, and books; on radio and television. Every day experts tell us how the economy will perform next year, if housing sales will grow or shrink, and who will win the next election. Predictions are offered about the climate, food, technology, and the world our grandchildren will inhabit. And we can't get enough of it.

Drawing on research in cognitive psychology, political science, and behavioral economics, award-winning journalist Dan Gardner explores our obsession with the future. He shows how famous pundits, "hedgehogs" who stick to one big idea no matter how circumstances change, become expert at explaining away predictions that are wrong while "foxes," who are more equivocal in their judgments, are simply more accurate.

About this title

About the Author

DAN GARDNER is the New York Times bestselling author of books about psychology and decision-making. His books have been published in 21 countries and 17 languages.

In The Science of Fear, Gardner reveals why we so often worry about what we shouldn’t and don’t worry about what we should. The Guardian called it “an invaluable resource for anyone who aspires to think clearly.”

In Future Babble, Gardner looks at the dismal record of expert forecasts and why we keep listening to overconfident pundits. Harvard psychologist Steven Pinker said it “should be required reading for journalists, politicians, academics, and anyone who listens to them.”

In Superforecasting: The Art and Science of Prediction, Gardner and co-author Philip Tetlock distill important lessons about forecasting, teamwork, and good judgment. Superforecasting was chosen as one of the best books of 2015 by The Economist, Bloomberg, and Amazon.

Excerpt. © Reprinted by permission. All rights reserved.

1
 
INTRODUCTION
 
“The end of everything we call life is close at hand and cannot be evaded.” H.G. Wells, 1946
 
 
George Edward Scott, my mother’s father, was born in an English village near the city of Nottingham. It was 1906. We can be sure that anyone who took notice of George’s arrival in the world agreed that he was a very lucky baby. There was the house he lived in, for one thing. It was the work of his father, a successful builder, and it was, like the man who built it, correct, confident, and proudly Victorian. Middle-class prosperity was evident throughout, from the sprawling rooms to the stained-glass windows and the cast-iron bathtub with a pull-cord that rang a bell downstairs. A maid carrying a bucket of hot water would arrive in due course.
 
And there was the country and the era. Often romanticized as the “long Edwardian summer,” Britain at the beginning of the twentieth century was indeed a land of peace and prosperity, if not strawberries and champagne. Britain led the world in industry, science, education, medicine, trade, and finance. Its empire was vaster than any in history, its navy invincible. The great and terrible war with Napoleon’s France was tucked away in dusty history books and few worried that its like would ever come again.
 
It was a time when “Progress” was capitalized. People were wealthier. They ate better and lived longer. Trade, travel, and communication steadily expanded, a process that would be called, much later, globalization. Science advanced briskly, revealing nature’s secrets and churning out technological marvels, each more wonderful than the last, from the train to the telegraph to the airplane. The latest of these arrived only four years before George Scott was born, and in 1912, when George was six, his father gathered the family in a field to witness the miracle of a man flying through the air in a machine. The pilot waved to the gawkers below. “Now I’ve seen it,” George’s grandmother muttered. “But I still don’t believe it.”
 
And the future? How could it be anything but grand? In 1902, the great American economist John Bates Clark imagined himself in 2002, looking back on the last hundred years. He pronounced himself profoundly satisfied. “There is certainly enough in our present condition to make our gladness overflow” and to hope that “the spirit of laughter and song may abide with us through the years that are coming,” Clark wrote. The twentieth century had been a triumph, in Clark’s imagining. Technology had flourished, conflict between labour and capital had vanished, and prosperity had grown until the slums were “transformed into abodes of happiness and health.” Only trade had crossed borders, never armies, and in the whole long century not a shot had been fired in anger. Of course this was only to be expected, Clark wrote, even though some silly people in earlier generations had actually believed war could happen in the modern world – “as if nations bound together by such economic ties as now unite the countries of the world would ever disrupt the great industrial organism and begin fighting.”
 
At the time, Clark’s vision seemed as reasonable as it was hopeful, and it was widely shared by eminent persons. “We can now look forward with something like confidence to the time when war between civilized nations will be as antiquated as the duel,” wrote the esteemed British historian, G.P. Gooch, in 1911. Several years later, the celebrated Manchester Guardian journalist H.N. Norman was even more definitive. “It is as certain as anything in politics can be, that the frontiers of our modern national states are finally drawn. My own belief is that there will be no more wars among the six Great Powers.”
 
One day, a few months after H.N. Norman had declared the arrival of eternal peace, George Scott fetched his father’s newspaper. The top story was the latest development in the push for Irish home rule. Below that was another headline. “War Declared,” it read.
 
It was August 1914. What had been considered impossible by so many informed experts was now reality. But still there w as no need to despair. It would be “the war to end all wars,” in H.G. Wells’s famously optimistic phrase. And it would be brief. It has to be, wrote the editors of the Economist, thanks to “the economic and financial impossibility of carrying out hostilities many more months on the present scale.”
 
For more than four years, the industry, science, and technology that had promised a better world slowly ground millions of men into the mud. The long agony of the First World War shattered empires, nations, generations, and hopes. The very idea of progress came to be scorned as a rotten illusion, a raggedy stage curtain now torn down and discarded.
 
In defeated Germany, Oswald Spengler’s dense and dark Decline of the West was the runaway best-seller of the 1920s. In victorious Britain, the Empire was bigger but the faith in the future that had sustained it faded like an old photograph left in the sun. The war left crushing debts and the economy staggered. “Has the cycle of prosperity and progress closed?” asked H.G. Wells in the foreword to a book whose title ventured an even bleaker question: Will Civilisation Crash? Yes to both, answered many of the same wise men who had once seen only peace and prosperity ahead. “It is clear now to everyone that the suicide of civilization is in progress,” declared the physician and humanitarian Albert Schweitzer in a 1922 lecture at Oxford University. It may have been “the Roaring Twenties” in the United States – a time of jazz, bathtub gin, soaring stocks, and real estate speculation – but it was a decade of gloom in Britain. For those who thought about the future, observes historian Richard Overy, “the prospect of imminent crisis, a new Dark Age, became a habitual way of looking at the world.”
 
My grandfather’s fortunes followed Britain’s. His father’s business declined, prosperity seeped away, and the bathtub pull-cord ceased to summon the downstairs maid. In 1922, at the age of fifteen, George was apprenticed to a plumber. A few years later, bowing to the prevailing sense that Britain’s decline was unstoppable, he decided to emigrate. A coin toss – heads Canada, tails Australia – settled the destination. With sixty dollars in his pocket, he landed in Canada. It was 1929. He had arrived just in time for the Great Depression.
 
A horror throughout the industrialized world, the Great Depression was especially savage in North America. Half the industrial production of the United States vanished. One-quarter of workers were unemployed. Starvation was a real and constant threat for millions. Growing numbers of desperate, frightened people sought salvation in fascism or communism. In Toronto, Maple Leaf Gardens was filled to the rafters not for a hockey game but a Stalinist rally, urging Canadians to follow the glorious example of the Soviet Union. Among the leading thinkers of the day, it was almost a truism that liberal democracy and free-market capitalism were archaic, discredited, and doomed. Even moderates were sure the future would belong to very different economic and political systems.
 
In 1933, the rise to power of the Nazis added the threat of what H.G. Wells called the “Second World War” in his sci-fi novel The Shape of Things to Come. Published the same year Adolf Hitler became chancellor of Germany, The Shape of Things to Come saw the war beginning in 1940 and predicted it would become a decade-long mass slaughter, ending not in victory but the utter exhaustion and collapse of all nations. Military analysts and others who tried to imagine another Great War were almost as grim. The airplanes that had been so wondrous to a young boy in 1912 would fill the skies with bombs, they agreed. Cities would be pulverized. There would be mass psychological breakdown and social disintegration. In 1934, Britain began a rearmament program it could not afford for a war that, it increasingly seemed, it could not avoid. In 1936, as Nazi Germany grew stronger, the program was accelerated.
 
A flicker of hope came from the United States, where economic indicators jolted upward, like a flat line on a heart monitor suddenly jumping. It didn’t last. In 1937, the American economy plunged again. It seemed nothing could pull the world out of its death spiral. “It is a fact so familiar that we seldom remember how very strange it is,” observed the British historian G.N. Clark, “that the commonest phrases we hear used about civilization at the present time all relate to the possibility, or even the prospect, of its being destroyed.”
 
That same year, George Scott’s second daughter, June, was born. It is most unlikely that anyone thought my mother was a lucky baby.
 
The Second World War began in September 1939. By the time it ended in 1945, at least forty million people were dead, the Holocaust had demonstrated that humanity was capable of any crime, much of the industrialized world had been pounded into rubble, and a weapon vastly more destructive than anything seen before had been invented. “In our recent history, war has been following war in ascending order of intensity,” wrote the influential British historian Arnold Toynbee in 1950. “And today it is already apparent that the War of 1939–45 was not the climax of this crescendo movement.” Ambassador Joseph Grew, a senior American foreign service officer, declared in 1945 that “a future war with the Soviet Union is as sure as anything in this world.” ...

Edition details

• Publisher: Penguin Publishing Group
• Publication date: 2012
• ISBN 10: 0452297575
• ISBN 13: 9780452297579
• Binding: Paperback
• Language: English
• Number of pages: 320