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Human and Algorithmic Predictions in Geopolitical Forecasting: Quantifying Uncertainty in Hard-to-Quantify Domains
Barbara A Mellers1, John P McCoy1, Louise Lu2
1Department of Marketing, University of Pennsylvania.
Algorithms can significantly improve geopolitical forecasting accuracy when assisting human experts. While humans will likely retain control, algorithmic support is crucial for better predictions in this complex domain.
Area of Science:
- Decision Science
- Computational Social Science
- International Relations
Background:
- Statistical prediction models often outperform human judgment in various fields.
- Geopolitical forecasting presents unique challenges due to complex, qualitative data and difficulties in defining comparable historical cases.
- High-stakes geopolitical events necessitate accurate forecasting, traditionally relying on human expertise.
Purpose of the Study:
- To evaluate the role and impact of algorithms in geopolitical forecasting.
- To explore the potential for hybrid human-algorithmic approaches to enhance predictive accuracy.
- To determine the optimal integration of algorithms within human-led geopolitical analysis.
Main Methods:
- Review of existing research comparing algorithmic and human prediction accuracy.
- Analysis of the specific challenges in applying predictive algorithms to geopolitical data.
- Conceptual framework for integrating algorithms as tools for human forecasters.
Main Results:
- Algorithms demonstrate superior predictive accuracy in many domains, but geopolitical forecasting is challenging for purely algorithmic approaches.
- Algorithms are valuable for aggregating diverse information, structuring human judgment, and forming hybrid models.
- Human forecasters are essential, but their accuracy is significantly enhanced by algorithmic assistance.
Conclusions:
- Algorithms are crucial tools, not replacements, for human geopolitical forecasters.
- Hybrid models combining human expertise with algorithmic support offer the most promising path to improved geopolitical forecast accuracy.
- Continued development and integration of algorithms are vital for advancing the field of geopolitical prediction.
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