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dreeves comments on Statistical Prediction Rules Out-Perform Expert Human Judgments - Less Wrong
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Other related reading that I don't think has been mentioned yet:
Ian Ayres (cofounder of stickK.com) has a popular book called Super Crunchers that argues this exact thesis. http://www.amazon.com/Super-Crunchers-Thinking-Numbers-Smart/dp/0553805401
A classic is Tetlock's Expert Political Judgment. http://press.princeton.edu/titles/7959.html