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A well-known study out of UC Berkeley

by organizational behavior professor

Philip Tetlock found that television

pundits—that is, people who earn their

livings by holding forth confidently on

the basis of limited information—make

worse predictions about political and

economic trends than they would by

random chance. And the very worst

prognosticators tend to be the most

famous and the most confident—the

very ones who would be considered

natural leaders in an HBS classroom.

The U.S. Army has a name for a similar

phenomenon: “the Bus to Abilene.”

“Any army officer can tell you what

that means,” Colonel (Ret.) Stephen J.

Gerras, a professor of behavioral sciences

at the U.S. Army War College,

told Yale Alumni Magazine in 2008. “It’s

about a family sitting on a porch in

Texas on a hot summer day, and

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