Hedgehogs vs. Foxes: Improving the Accuracy of Predictions

H. Duhon
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Abstract

ank you to the many readers who commented on my column, “Oil at USD 20 per Barrel: Can It Be?” in the October issue of Oil and Gas Facilities. e future oil price is clearly on everyone’s mind. When I wrote the article, I thought that generating a con dent prediction was hopeless. Based on your comments and suggestions, articles on energy scenario evaluations by consultant Jorge Leis, a news program on forecasting by journalist Fareed Zakaria, and a book on superforecasting by professor Philip Tetlock, I have changed my mind. I believe that oil price can be determined with reasonable con dence, and the key to such forecasting is aggregative contingent estimation (ACE).
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刺猬vs狐狸:提高预测的准确性
感谢很多读者对我的专栏“油价能达到每桶20美元吗?”发表评论。,发表在《石油和天然气设施》(Oil and Gas Facilities) 10月刊上。未来的油价显然是每个人都关心的问题。当我写这篇文章的时候,我认为做出一个可信的预测是没有希望的。根据你们的评论和建议,还有顾问Jorge Leis关于能源情景评估的文章,记者Fareed Zakaria关于预测的新闻节目,以及Philip Tetlock教授关于超级预测的书,我改变了主意。我认为油价是可以合理确定的,而这种预测的关键是总条件估计(ACE)。
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