In EA, there appears to be an interest in "good judgment," sometimes also called "rationality."
There is also interest in forecasting.
My question is, what are the concrete, operationalized differences between skill at forecasting vs having good judgment?
I'm not asking this question facetiously. For example, the parent company/organization of Superforecasting brands itself as the "Good Judgment Project."
But at the same time, when I think about "being good at forecasting" and "having good judgment," I often think of many different qualities. So how can we cleanly separate the two?
To answer my own question, here is my best guess for how "good judgment" is different from "skill at forecasting."
Good judgment can roughly be divided within 2 mostly distinct clusters:
Forecasting is only directly related to the former, and not the later (though presumably there are some general skills that are applicable to both). In addition, within the "forming good world models" angle, good forecasting is somewhat agnostic to important factors like:
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Note that "better world models" vs "good decisions based on existing models" isn't the only possible ontology to break up "good judgment."
- Owen uses understanding of the world vs heuristics.
- In the past, I've used intelligence vs wisdom.