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Insights Into The Accuracy Of Social Scientists’ Forecasts Of Societal Change, Sangsuk Yoon
Insights Into The Accuracy Of Social Scientists’ Forecasts Of Societal Change, Sangsuk Yoon
Management and Marketing Faculty Publications
How well can social scientists predict societal change, and what processes underlie their predictions? To answer these questions, we ran two forecasting tournaments testing the accuracy of predictions of societal change in domains commonly studied in the social sciences: ideological preferences, political polarization, life satisfaction, sentiment on social media, and gender-career and racial bias. After we provided them with historical trend data on the relevant domain, social scientists submitted pre-registered monthly forecasts for a year (Tournament 1; N = 86 teams and 359 forecasts), with an opportunity to update forecasts on the basis of new data six months later (Tournament …