Media pundits are the supreme example of self-belief and confidence in their own opinions. Through TV, newspapers and blogs they tell us with sublime certainty what will happen. But are they right? And does it matter if they are wrong? Ben Smith and Jadrian Wooten ask what we demand from pundits – accuracy or confidence?
Smith, Ben O. and Wooten, Jadrian, "Pundits: The confidence trick: Better confident than right?" (2013). Economics Faculty Publications. 14.