Predicting Experimental Results: Who Knows What?
Predicting Experimental Results: Who Knows What?
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DOI:
10.1086/699976
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发表时间:
2018-12-01
影响因子:
8.2
通讯作者:
Pope, Devin
中科院分区:
文献类型:
--
作者:
DellaVigna, Stefano;Pope, Devin
We analyze how academic experts and nonexperts forecast the results of 15 piece-rate and behavioral treatments in a real-effort task. The average forecast of experts closely predicts the experimental results, with a strong wisdom-of-crowds effect: the average forecast outperforms 96 percent of individual forecasts. Citations, academic rank, field, and contextual experience do not correlate with accuracy. Experts as a group do better than nonexperts, but not if accuracy is defined as rank-ordering treatments. Measures of effort, confidence, and revealed ability are predictive of forecast accuracy to some extent and allow us to identify superforecasters among the nonexperts.