The scorecard is very mixed and there've been some democratic systems that have been extremely resilient and robust at anticipating it and some that have got it wrong.
The researchers told participants they were being grouped based on their ability to estimate things correctly or incorrectly; but in reality, the groups were totally random.
It's really difficult, isn't it, because the whole thing is fraught with horrific calculations that imply miscalculations in terms of who would deem what is harmful.
The Luftwaffe had more planes than Britain, but the Germans miscalculated how many planes Britain had, as well as their fighting spirit to save their homeland.
But it had to be understood and recognized for what it was and not confused with a faulty appreciation of the odds, for, at gambling, the deadly sin is to mistake bad play for bad luck.
In short, I conceive that a great part of the miseries of mankind are brought upon them by the false estimates they have made of the value of things, and by their giving too much for their whistles.