Expert Failure

Expert Failure
Author: Roger Koppl
Publisher: Cambridge University Press
Total Pages: 293
Release: 2018-02-08
Genre: Business & Economics
ISBN: 1107138469

Roger Koppl develops a theory of experts and expert failure, and illustrates his theory with wide-ranging examples, including that of state regulation of economic activity.

Future Babble

Future Babble
Author: Dan Gardner
Publisher: McClelland & Stewart
Total Pages: 319
Release: 2010-10-12
Genre: Social Science
ISBN: 0771035217

In 2008, as the price of oil surged above $140 a barrel, experts said it would soon hit $200; a few months later it plunged to $30. In 1967, they said the USSR would have one of the fastest-growing economies in the year 2000; in 2000, the USSR did not exist. In 1911, it was pronounced that there would be no more wars in Europe; we all know how that turned out. Face it, experts are about as accurate as dart-throwing monkeys. And yet every day we ask them to predict the future — everything from the weather to the likelihood of a catastrophic terrorist attack. Future Babble is the first book to examine this phenomenon, showing why our brains yearn for certainty about the future, why we are attracted to those who predict it confidently, and why it’s so easy for us to ignore the trail of outrageously wrong forecasts. In this fast-paced, example-packed, sometimes darkly hilarious book, journalist Dan Gardner shows how seminal research by UC Berkeley professor Philip Tetlock proved that pundits who are more famous are less accurate — and the average expert is no more accurate than a flipped coin. Gardner also draws on current research in cognitive psychology, political science, and behavioral economics to discover something quite reassuring: The future is always uncertain, but the end is not always near.

Expert Political Judgment

Expert Political Judgment
Author: Philip E. Tetlock
Publisher: Princeton University Press
Total Pages: 368
Release: 2017-08-29
Genre: Political Science
ISBN: 1400888816

Since its original publication, Expert Political Judgment by New York Times bestselling author Philip Tetlock has established itself as a contemporary classic in the literature on evaluating expert opinion. Tetlock first discusses arguments about whether the world is too complex for people to find the tools to understand political phenomena, let alone predict the future. He evaluates predictions from experts in different fields, comparing them to predictions by well-informed laity or those based on simple extrapolation from current trends. He goes on to analyze which styles of thinking are more successful in forecasting. Classifying thinking styles using Isaiah Berlin's prototypes of the fox and the hedgehog, Tetlock contends that the fox--the thinker who knows many little things, draws from an eclectic array of traditions, and is better able to improvise in response to changing events--is more successful in predicting the future than the hedgehog, who knows one big thing, toils devotedly within one tradition, and imposes formulaic solutions on ill-defined problems. He notes a perversely inverse relationship between the best scientific indicators of good judgement and the qualities that the media most prizes in pundits--the single-minded determination required to prevail in ideological combat. Clearly written and impeccably researched, the book fills a huge void in the literature on evaluating expert opinion. It will appeal across many academic disciplines as well as to corporations seeking to develop standards for judging expert decision-making. Now with a new preface in which Tetlock discusses the latest research in the field, the book explores what constitutes good judgment in predicting future events and looks at why experts are often wrong in their forecasts.

The Death of Expertise

The Death of Expertise
Author: Tom Nichols
Publisher: Oxford University Press
Total Pages: 273
Release: 2017-02-01
Genre: Political Science
ISBN: 0190469439

Technology and increasing levels of education have exposed people to more information than ever before. These societal gains, however, have also helped fuel a surge in narcissistic and misguided intellectual egalitarianism that has crippled informed debates on any number of issues. Today, everyone knows everything: with only a quick trip through WebMD or Wikipedia, average citizens believe themselves to be on an equal intellectual footing with doctors and diplomats. All voices, even the most ridiculous, demand to be taken with equal seriousness, and any claim to the contrary is dismissed as undemocratic elitism. Tom Nichols' The Death of Expertise shows how this rejection of experts has occurred: the openness of the internet, the emergence of a customer satisfaction model in higher education, and the transformation of the news industry into a 24-hour entertainment machine, among other reasons. Paradoxically, the increasingly democratic dissemination of information, rather than producing an educated public, has instead created an army of ill-informed and angry citizens who denounce intellectual achievement. When ordinary citizens believe that no one knows more than anyone else, democratic institutions themselves are in danger of falling either to populism or to technocracy or, in the worst case, a combination of both. An update to the 2017breakout hit, the paperback edition of The Death of Expertise provides a new foreword to cover the alarming exacerbation of these trends in the aftermath of Donald Trump's election. Judging from events on the ground since it first published, The Death of Expertise issues a warning about the stability and survival of modern democracy in the Information Age that is even more important today.

How to Organize and Run a Failure Investigation

How to Organize and Run a Failure Investigation
Author: Daniel P. Dennies
Publisher: ASM International
Total Pages: 228
Release: 2005
Genre: Technology & Engineering
ISBN: 1615030484

Learning the proper steps for organizing a failure investigation ensures success. Failure investigations cross company functional boundaries and are an integral component of any design or manufacturing business operation. Well-organized and professionally conducted investigations are essential for solving manufacturing problems and assisting in redesigns. This book outlines a proven systematic approach to failure investigation. It explains the relationship between various failure sources (corrosion, for example) and the organization and conduct of the investigation. It provides a learning platform for engineers from all disciplines: materials, design, manufacturing, quality, and management. The examples in this book focus on the definition of and requirements for a professionally performed failure analysis of a physical object or structure. However, many of the concepts have much greater utility than for investigating the failure of physical objects. For example, the book provides guidance in areas such as learning how to define objectives, negotiating the scope of investigation, examining the physical evidence, and applying general problem-solving techniques.

Experts and Epistemic Monopolies

Experts and Epistemic Monopolies
Author: Roger Koppl
Publisher: Emerald Group Publishing
Total Pages: 281
Release: 2012-10-15
Genre: Business & Economics
ISBN: 178190216X

Under what conditions of supply and demand are experts likely to give us good advice? When is expert failure more likely? Do entrepreneurs challenge existing expertise? Are they experts themselves? This title brings a heterogeneous collection of thinkers, some "Austrian" and to engage the problem of experts.

The Philosophy of Expertise

The Philosophy of Expertise
Author: Evan Selinger
Publisher: Columbia University Press
Total Pages: 438
Release: 2006
Genre: Philosophy
ISBN: 9780231136440

From the use of expert testimony in the courtroom to the advice we rely on to solve key economic, political, and social problems, expertise is an essential part of our decision-making process. However, the extent to which experts can be trusted is a subject of persistent and contentious debate. The Philosophy of Expertise is the first collection to explore the fundamental philosophical issues surrounding these authorities and their expert knowledge. Part 1 considers the problems surrounding the issue of trust and deference; part 2 launches a phenomenological clarification of expertise that pinpoints the universal structures embodied in cognition and affect; and part 3 examines the consequences of the social and technical externalization of expertise. Contributors including Edward Said, Alvin Goldman, Peter Singer, Hubert Dreyfus, Julia Annas, Harry Collins, and Don Ihde draw on a number of intellectual approaches to explore the justification of expert authority, the potentially dangerous role of expertise in a liberal democratic society, how laypeople can critique experts, and the social and ideological character of expert advice. The contributors also discuss the reasoning process of judges and juries, the ancient Greek view of moral conduct, and the incorporation of experts into governmental bureaucracy. By honestly tackling the legitimacy and consistency of various positions, this volume sheds much-needed light on the theoretical dimensions of a controversial and pervasive practice. Contributors: Alvin I. Goldman, Don Ihde, Edward Said, Evan Selinger and John Mix, Evan Selinger and Robert P. Crease, H. M. Collins and Robert Evans, Hélène Mialet, Hubert Dreyfus, John Hardwig, Julia Annas, Paul Feyerabend, Peter Singer, Scott Brewer, Steve Fuller, Steven Turner

The Oxford Handbook of Austrian Economics

The Oxford Handbook of Austrian Economics
Author: Peter J. Boettke
Publisher:
Total Pages: 833
Release: 2015
Genre: Business & Economics
ISBN: 0199811768

The Austrian School of Economics is an intellectual tradition in economics and political economy dating back to Carl Menger in the late-19th century. Menger stressed the subjective nature of value in the individual decision calculus. Individual choices are indeed made on the margin, but the evaluations of rank ordering of ends sought in the act of choice are subjective to individual chooser. For Menger, the economic calculus was about scarce means being deployed to pursue an individual's highest valued ends. The act of choice is guided by subjective assessments of the individual, and is open ended as the individual is constantly discovering what ends to pursue, and learning the most effective way to use the means available to satisfy those ends. This school of economic thinking spread outside of Austria to the rest of Europe and the United States in the early-20th century and continued to develop and gain followers, establishing itself as a major stream of heterodox economics. The Oxford Handbook of Austrian Economics provides an overview of this school and its theories. The various contributions discussed in this book all reflect a tension between the Austrian School's orthodox argumentative structure (rational choice and invisible hand) and its addressing of a heterodox problem situations (uncertainty, differential knowledge, ceaseless change). The Austrian economists from the founders to today seek to derive the invisible hand theorem from the rational choice postulate via institutional analysis in a persistent and consistent manner. Scholars and students working in the field of History of Economic Thought, those following heterodox approaches, and those both familiar with the Austrian School or looking to learn more will find much to learn in this comprehensive volume.

Model Rules of Professional Conduct

Model Rules of Professional Conduct
Author: American Bar Association. House of Delegates
Publisher: American Bar Association
Total Pages: 216
Release: 2007
Genre: Law
ISBN: 9781590318737

The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.

The Politics of Expertise

The Politics of Expertise
Author: Stephen P. Turner
Publisher: Routledge
Total Pages: 379
Release: 2013-11-07
Genre: Social Science
ISBN: 113464423X

This book collects case studies and theoretical papers on expertise, focusing on four major themes: legitimation, the aggregation of knowledge, the distribution of knowledge and the distribution of power. It focuses on the institutional means by which the distribution of knowledge and the distribution of power are connected, and how the problems of aggregating knowledge and legitimating it are solved by these structures. The radical novelty of this approach is that it places the traditional discussion of expertise in democracy into a much larger framework of knowledge and power relations, and in addition begins to raise the questions of epistemology that a serious account of these problems requires.