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Beugoms, Jean Pierre

February 26, 2016 / 11:26

This episode discusses forecasting in military and political contexts, featuring insights from historical events like the Gulf War and the 1994 midterm elections.

The guest shares experiences from the first Gulf War in 1991, highlighting how pundits mispredicted the war's duration and casualties. He references historian Trevor Dupree, who accurately forecasted the war's outcome.

He also reflects on the 1994 midterm elections, where Bill Clinton faced predictions of being a one-term president. The guest found Alan Jay Lippman's book on presidential forecasting helpful in understanding Clinton's chances of reelection.

The conversation includes methods for effective forecasting, emphasizing the importance of historical context, thorough research, and questioning assumptions made by experts.

Finally, the guest offers practical advice for forecasters, such as documenting potential changes in predictions, seeking diverse sources, and embracing uncertainty in outcomes.

TLDR

The episode covers forecasting methods in military and political contexts, emphasizing historical analysis and critical thinking.

Episode

11:26
00:00:08
that goes back to when I was a younger man during the first Gulf War in 1991 uh I was I'm interested in the military
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military history and a lot of people and pundits were making predictions about the outcome the manner in which the war
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would be waged and decided as well as casualty counts and how long it would take and basically everyone was wrong on
00:00:38
the duration and the and the destructiveness well the number of casualties suffered by coalition forces
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and that was interesting to me because there was one historian I'd like to say
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Trevor Dupree you got it right and I was interested in and how he got it right like and evidently he had a system in
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just a few years later during the nineteen ninety-four midterm elections when Bill Clinton lost in a landslide to
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the Republicans the Republicans took the Congress for the first time in 40 years
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after that defeat basically every pundit on earth was saying that Bill Clinton is
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a one-term president and being a staunch Democrat in a Clinton supporter I was traumatized by that possibility and
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wondered whether they knew they whether they knew what they were talking about and at about that time I found a book
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written by another historian Alan Jay Lippman um about predicting you know who would become the next president and
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evidently he had a system where you didn't need to use poles you just look at history and using his method I
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realized that actually Bill Clinton was in a pretty good shape his his chances weren't guaranteed but you know even a
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year before the election um I had a pretty good inkling that he had a good chance of winning re-election and this
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was against what all the pundits were saying so based on those two events there were probably other events as well
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that's why I became interested in forecasting basically the fact that everyone you know got thing big thing
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was wrong and I want to know why and some people got big things right and I wanted to know why and whether I could
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do as well as I could so ever since then I was I started you know I'm my own
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forecasting you know the outcomes of wars and elections and with mixed results but you know so but over 20
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years so so that's how that's how I became interested I don't trust my gut so usually my first
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impression is right about half the time so in order to do well in a forecasting tournament you have to dig deeper into
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the sources if you're predicting elections for example you know I'm find
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out you know what happened in the past you know which parties were likely to win and under what circumstances do your
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research about the electoral system sometimes you know the electoral system could lead to a counterintuitive result
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you know a party could do very well in the polls and still lose the election so it's just really a matter of doing your
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homework trying to understand the situation the history behind the event and and really working hard at it and I
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would say a second reason would be mmm my sense of history so I think that comes in very handy because most people
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when they would forecast whatever event it is would really look to the recent past draw on their own memories as well
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as maybe you know Google search of of you know the recent news events but I think having a sense of history that
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stretches back far arm can give one a sense of em possibilities which you know the recent past might not indicate
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okay well along with not trusting my own gut feelings my first impressions I don't trust the gut feelings and of
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experts and pundits I try to when ever possible to discover understand what assumptions underlie their forecasts
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sometimes they're explicit about this and other times they aren't they don't
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really they'll say you know this event is likely but not really explain and if
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I keep doing my research and find other pundits you say a certain event is likely without you know much explanation
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at all then that's a signal for me to really do some deep research and and try
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to even if I agree with that assumption you know sometimes I'll just try to play
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the devil's advocate and say well let's pretend that this silly outcome that's
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unlikely to happen you know actually could happen and kind of play that out and sometimes you know I'll go back to
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my original estimate yeah that's silly it's not going to happen but you know
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often is the case that the silly outcome is becomes the more likely one so that's
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that's one thing I do and others I try to discover or to find out you know who
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has the power in a certain situation who who is the decider in the words of george w bush and that's one that keeps
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coming back all the time and also you know in every forecast you want to write down a list or in your head you know of
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all the constraints that would pretend prevent a certain event from occurring or slow it down you know make an event
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you know an a likely event take longer to occur then you know what was expected before so they're just a few things
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well one of the things i would recommend would be to write down a list of all the
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things that would that you should be on the lookout for that might cause you to change your mind so after you've done
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your homework you thought deeply about you know the event and the likelihood of of it occurring write down a list of of
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things that you know would happen leading up to the event or signals markers whatever that would cause you to
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change your mind and I'm the reason why I say write it down is because it's
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because you know it's very hard to change your mind and if you write it down it might be helped you you know not
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try to to fudge things well you know if it's if it's just in the back of your
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head you know mm it becomes a little bit more difficult to to go against you know
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your original original conclusion because I mean you put a lot of work into this and you don't want to go back
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on it and if there's a natural tendency not to want to you know waffle or be too
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wishy-washy but you know having it down on paper will just show you well I'm not
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being wishy-washy you know events have changed things have changed and maybe my initial conclusion was wrong I would say
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the third thing would be to play devil's advocate after immediately after you've
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you know come to a conclusion and made a forecast seek out information that would
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prove you wrong you know if anything you know just to cover all your bases I'd
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say my fourth piece of advice would be to seek a wide variety of sources even weak and biased sources because
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sometimes you can find interest in information in very flawed sources but that'll take some work on your part to
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determine you know which part of these you know particular reports are worth you know
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holding on to and which part should be discarded it's not an easy task but don't just you know casually disregard
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even even bad sources because you never know from four years as a as a forecaster in the gjp tournament I can
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say that another piece of advice I would give is to assume that things would take
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longer than your initial impression that's a rule of thumb because it happens consistently time and time again
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that whatever it is a diplomatic initiative or or or what have you events often will take a lot longer than then
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what what you think you know they will take or what officials you know the timetable of officials and and and
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that's just been my experience from doing this for a long time final piece of advice would be a embrace uncertainty
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don't get too hung up on getting things correct you're never going to get
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everything correct you're going to get a lot of things wrong I would focus more
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on assigning viable or realistic probabilities to events just think of it in terms of you know if I assignment
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seventy percent probability to a particular event you know I'm going to be wrong three out of ten times you know
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for so if you if you work on being well calibrated instead of trying to get everything right I think that's probably
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a more fruitful endeavor I'm not sure that they have all they probably should having practice at
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forecasting geopolitical events maybe I should start practicing forecasting events related to my own personal life
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maybe that would help me avoid being unpleasantly surprised by my things but so I'm not really sure how it's affected
00:10:57
my personal life other than having nice dinner time conversations with families and friends
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you

Episode Highlights

  • Forecasting Elections
    The speaker shares their journey into political forecasting after Clinton's defeat.
    “I had a pretty good inkling that he had a good chance of winning re-election.”
    @ 02m 06s
    February 26, 2016
  • The Importance of Historical Context
    Understanding history can provide insights into future events, as shown by the Gulf War predictions.
    “I want to know why some people got big things right.”
    @ 02m 19s
    February 26, 2016

Episode Quotes

  • I was traumatized by that possibility.
    Beugoms, Jean Pierre
  • I don’t trust my gut.
    Beugoms, Jean Pierre
  • Embrace uncertainty.
    Beugoms, Jean Pierre

Key Moments

  • Gulf War Predictions00:10
  • Clinton's Landslide Loss01:08
  • Interest in Forecasting02:17
  • Research Over Gut Feelings02:53
  • Embrace Uncertainty09:49

Tension Over Time

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