The Council on Foreign Relations (CFR) has just released its Preventive Priorities Survey 2024, a useful document which “evaluates ongoing and potential conflicts based on their likelihood of occurring in the coming year and their impact on U.S. interests”.
Launched in 2008 during the post-9/11 era of the “global war on terror”, the survey polls foreign policy experts to rate a set of contingencies proposed by the CFR, based on a call for suggestions on social media.
Reading the report is a useful way of “standing on the shoulders of foreign policy giants”, but also a reminder that, by looking only where the giants turn their heads, we may end up sharing their blindspots.
As the economist Frank Knight argued, probabilistic forecasting depends on making analogies to past events: we calculate risk in a given situation by modelling that situation based on past experience. However, Peter Scoblic reminds us, analogy may be an unreliable guide in the messy worlds of business and geopolitics – especially because comparing current situations to past ones can trigger biases which will then be hard to shift.
Why is this a problem?
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