From BIT:
Calibration is the difference between how confident you are and how correct you are. If you say you’re 80% sure, you should be right roughly 80% of the time. You are not overconfident or underconfident, but instead lie in between.
The goal of calibration isn’t to eliminate cognitive bias, but to enable good decisions despite it. This report offers:
- Design principles for building calibration into organisational systems
- A clear framework for understanding and measuring calibration
- Practical tips for individuals, teams, and leaders to achieve it