False dichotomy alert: Improving subjective-probability estimates vs. raising awareness of systemic risk

Taleb et al. (2022) portray the superforecasting research program as a masquerade that purports to build "survival functions for tail assessments via sports-like tourna-ments."But that never was the goal. The program was designed to help intelligence analysts make better probability judgments, which required posing rapidly resolvable questions. From a signal detection theory perspective, the superforecasting and Taleb et al. programs are complementary, not contradictory (a point Taleb and Tetlock (2013) recognized). The superforecasting program aims at achieving high hit rates at low cost in false-positives, whereas Taleb et al. prioritize alerting us to systemic risk, even if that entails a high false-positive rate. Proponents of each program should, however, acknowledge weaknesses in their cases. It is unclear: (a) how Taleb et al. (2022) can justify extreme error-avoidance trade-offs, without tacit probability judgments of rare, high-impact events; (b) how much superforecasting interventions can improve probability judgments of such events. (c) 2022 International Institute of Forecasters. Published by Elsevier B.V. All rights reserved.