Document Type
Article
Publication Date
4-2023
Publication Source
Nature Human Behaviour
Abstract
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 2; N = 120 teams and 546 forecasts). Benchmarking forecasting accuracy revealed that social scientists' forecasts were on average no more accurate than those of simple statistical models (historical means, random walks or linear regressions) or the aggregate forecasts of a sample from the general public (N = 802). However, scientists were more accurate if they had scientific expertise in a prediction domain, were interdisciplinary, used simpler models and based predictions on prior data
Inclusive pages
484-501
ISBN/ISSN
2397-3374
Document Version
Published Version
Publisher
Nature Portfolio
Volume
7
Issue
4
Peer Reviewed
yes
eCommons Citation
Yoon, Sangsuk, "Insights into the Accuracy of Social Scientists’ Forecasts of Societal Change" (2023). Management and Marketing Faculty Publications. 89.
https://ecommons.udayton.edu/mgt_fac_pub/89
Included in
Advertising and Promotion Management Commons, Business Administration, Management, and Operations Commons, Marketing Commons, Public Relations and Advertising Commons
Comments
This open-access article is provided for download in compliance with the publisher’s policy on self-archiving. To view the version of record, use the DOI: https://doi.org/10.1038/s41562-022-01517-1
Department of Psychology, University of Waterloo, Waterloo, Ontario, Canada: Igor Grossmann, Amanda Rotella, Konstantyn Sharpinskyi, Dillon T. Browne & Geoffrey T. Fong
Department of Psychology, Northumbria University, Northumbria, UK: Amanda Rotella
Department of Psychology, University of Toronto Scarborough, Toronto, Ontario, Canada: Cendri A. Hutcherson
Department of Psychology, Arizona State University, Tempe, AZ, USA: Michael E. W. Varnum
Institute of Management Accounting and Simulation, Hamburg University of Technology, Hamburg, Germany: Sebastian Achter
Department of Psychology, Middlesex University London, London, UK: Mandeep K. Dhami
Department of Experimental Psychology, University of California, San Diego, San Diego, CA, USA: Xinqi Evie Guo
Department of Psychology, Toronto Metropolitan University, Toronto, Ontario, Canada: Mane Kara-Yakoubian
Defence Research and Development Canada, Toronto, Ontario, Canada: David R. Mandel & Robert N. Collins
Department of Psychology, York University, Toronto, Ontario, Canada: David R. Mandel
Department of Economics, Tilburg University, Tilburg, the Netherlands: Louis Raes
Department of Psychological Sciences, Purdue University, West Lafayette, IN, USA: Louis Tay
Mathematical Institute, University of Oxford, Oxford, UK: Aymeric Vie
Institute of New Economic Thinking, University of Oxford, Oxford, UK: Aymeric Vie
Jacobs Center for Productive Youth Development, University of Zurich, Zurich, Switzerland: Lisa Wagner
Institute of Psychology, University of Prešov, Prešov, Slovakia: Matus Adamkovic & Gabriel Baník
Institute of Social Sciences, CSPS, Slovak Academy of Sciences, Bratislava, Slovakia: Matus Adamkovic
Department of Mechanical and Mechatronics Engineering, University of Waterloo, Waterloo, Ontario, Canada: Arash Arami
Toronto Rehabilitation Institute (KITE), University Health Network, Toronto, Canada: Arash Arami
Iscte-University Institute of Lisbon, CIS, Lisbon, Portugal: Patrícia Arriaga
Melbourne Centre for Data Science, University of Melbourne, Melbourne, Victoria, Australia: Kasun Bandara
Faculty of Social and Behavioural Sciences, University of Amsterdam, Amsterdam, the Netherlands: František Bartoš & Shiva Pauer
Department of Food Marketing, Haub School of Business, Saint Joseph’s University, Philadelphia, PA, USA: Ernest Baskin
Department of Data Science and Artificial Intelligence, Monash University, Melbourne, Victoria, Australia: Christoph Bergmeir
Institute of Psychology, University of Wrocław, Wrocław, Poland: Michał Białek & Michal Misiak
Department of Management, Aarhus University, Aarhus, Denmark: Caroline K. Børsting & Christian T. Elbaek
Anderson School of Management, University of California, Los Angeles, Los Angeles, CA, USA: Eugene M. Caruso
Department of Psychology, Dominican University of California, San Rafael, CA, USA: Rong Chen
Department of Industrial Economics, Tamkang University, New Taipei City, Taiwan: Bin-Tzong Chie
Department of Psychology, Michigan State University, East Lansing, MI, USA: William J. Chopik
Independent Researcher, Penang, Malaysia: Chin Wen Cong
Psychology Department, Grove City College, Grove City, PA, USA: Lucian G. Conway
Department of Economics, Siena College, Loudonville, NY, USA: Matthew Davis
Department of Psychology, Memorial University of Newfoundland, St. John’s, Newfoundland, Canada: Martin V. Day
UBC Sauder School of Business, University of British Columbia, Vancouver, British Columbia, Canada: Nathan A. Dhaliwal
Department of Psychology, University of Oklahoma, Norman, OK, USA: Justin D. Durham & Scott D. Gronlund
Faculty of Psychology and Cognitive Science, Adam Mickiewicz University, Poznań, Poland: Martyna Dziekan
Department of Psychology, University of Groningen, Groningen, the Netherlands: Eric Shuman
Laboratory for Comparative Studies in Mass Consciousness, Expert Institute, HSE University, Moscow, Russia: Marharyta Fabrykant
Faculty of Philosophy and Social Sciences, Belarusian State University, Minsk, Belarus: Marharyta Fabrykant
Department of Sociology, Radboud University, Nijmegen, the Netherlands: Mustafa Firat
Ontario Institute for Cancer Research, Toronto, Ontario, Canada: Geoffrey T. Fong
Department of Psychology, University of Winnipeg, Winnipeg, Manitoba, Canada: Jeremy A. Frimer
Department of Psychology, University of Washington, Seattle, WA, USA: Jonathan M. Gallegos, Cheryl R. Kaiser & Adam H. Smiley
Department of Counseling Psychology, University of Wisconsin–Madison, Madison, WI, USA: Simon B. Goldberg
Department of Leadership and Organizational Behaviour, BI Norwegian Business School, Oslo, Norway: Anton Gollwitzer
Center for Adaptive Rationality, Max Planck Institute for Human Development, Berlin, Germany: Anton Gollwitzer
School of Public Health Sciences, University of Waterloo, Waterloo, Ontario, Canada: Julia Goyal
TU Dortmund University, Dortmund, Germany: Lorenz Graf-Vlachy
ESCP Business School, Paris, France: Lorenz Graf-Vlachy
IESE Business School, Barcelona, Spain: Sebastian Hafenbrädl
School of Social Sciences, Singapore Management University, Singapore, Singapore: Andree Hartanto & Verity Y. Q. Lua
Center for Healthy Minds, University of Wisconsin–Madison, Madison, WI, USA: Matthew J. Hirshberg
University of Queensland Business School, Brisbane, Queensland, Australia: Matthew J. Hornsey
Melbourne School of Psychological Sciences, University of Melbourne, Melbourne, Victoria, Australia: Piers D. L. Howe & Marcellin F. R. C. Martinie
Department of Marketing, University of Massachusetts Dartmouth, Dartmouth, MA, USA: Anoosha Izadi
Department of Experimental and Applied Psychology, Vrije Universiteit Amsterdam, Amsterdam, the Netherlands: Bastian Jaeger, Joshua M. Tybur & Alberto López Ortega
Department of Psychology, Faculty of Arts, Pavol Jozef Šafárik University in Košice, Košice, Slovakia: Pavol Kačmár
Cambridge Judge Business School, University of Cambridge, Cambridge, UK: Yeun Joon Kim
Hermes Germany GmbH, Hamburg, Germany: Ruslan Krenzler
University of Hamburg, Hamburg, Germany: Ruslan Krenzler
Department of Psychology, Illinois State University, Normal, IL, USA: Daniel G. Lannin
Department of Business Administration, National Pingtung University, Pingtung City, Taiwan: Hung-Wen Lin
Department of Psychology, University of Victoria, Victoria, British Columbia, Canada: Nigel Mantou Lou
Centre for Youth and Society, University of Victoria, Victoria, British Columbia, Canada: Nigel Mantou Lou
Department of Psychology, California State University, Fullerton, Fullerton, CA, USA: Aaron W. Lukaszewski
Center for the Study of Human Nature, California State University, Fullerton, Fullerton, CA, USA: Aaron W. Lukaszewski
Department of Psychology, Loma Linda University, Loma Linda, CA, USA: Albert L. Ly & Jaime M. Napan
University of Nottingham, Nottingham, UK: Christopher R. Madan
Department of Experimental Psychology, University College London, London, UK: Maximilian Maier
Singapore Management University, Singapore, Singapore: Nadyanna M. Majeed
Department of Psychology, Florida State University, Tallahassee, FL, USA: David S. March
Department of Psychology, Georgetown University, Washington, DC, USA: Abigail A. Marsh
School of Anthropology & Museum Ethnography, University of Oxford, Oxford, UK: Michal Misiak
School for Business and Society, University of York, York, UK: Kristian Ove R. Myrseth
Department of Psychology, Columbia University, New York, NY, USA: Jonathan Nicholas, Paul A. Bloom & Margaux N. A. Wienk
IHRR Forecasting Laboratory, Durham University, Durham, UK: Konstantinos Nikolopoulos
Department of Psychology, Aberystwyth University, Aberystwyth, UK: Jiaqing O
School of Business and Law, Department of Management, University of Agder, Kristiansand, Norway: Tobias Otterbring
Institute of Retail Economics, Stockholm, Sweden: Tobias Otterbring
Institute of Psychology, University of Silesia in Katowice, Katowice, Poland: Mariola Paruzel-Czachura
Department of Neurology, Penn Center for Neuroaesthetics, University of Pennsylvania, Philadelphia, PA, USA: Mariola Paruzel-Czachura
Central Connecticut State University, New Britain, CT, USA: John Protzko
Department of Psychology, University of Arizona, Tucson, AZ, USA: Quentin Raffaelli & Jessica R. Andrews-Hanna
Faculty of Education, Institute for Research and Development of Education, Charles University, Prague, Czech Republic: Ivan Ropovik
Faculty of Education, University of Prešov, Prešov, Slovakia: Ivan Ropovik
School of Psychology, Macquarie University, Sydney, New South Wales, Australia: Robert M. Ross
Department of Human Service, University of Haifa, Haifa, Israel: Yefim Roth
Promenta Center, Department of Psychology, University of Oslo, Oslo, Norway: Espen Røysamb
Department of Sociology, Cornell University, Ithaca, NY, USA: Landon Schnabel
Institute of Psychology, University of Bamberg, Bamberg, Germany: Astrid Schütz
IE Business School, IE University, Madrid, Spain: Matthias Seifert
Faculty of Psychology and Human Movement Science, University of Hamburg, Hamburg, Germany: T. Sevincer