the ability to form valuable opinions and make good decisions
Forecasting isn’t (at least not directly) about decision-making (cf. instrumental rationality) but just about knowledge and understanding (epistemic rationality).
A bit tangential, but may still be of interest: a recent paper argued that there are two competing standards of good judgement: rationality and reasonableness.
Normative theories of judgment either focus on rationality (decontextualized preference maximization) or reasonableness (pragmatic balance of preferences and socially conscious norms). … Normative theories of judgment either focus on rationality (decontextualized preference maximization) or reasonableness (pragmatic balance of preferences and socially conscious norms). … ay rationality is reductionist and instrumental, whereas reasonableness integrates preferences with particulars and moral concerns.
Cambridge Dictionary defines judgement as:
Forecasting isn’t (at least not directly) about decision-making (cf. instrumental rationality) but just about knowledge and understanding (epistemic rationality).
A bit tangential, but may still be of interest: a recent paper argued that there are two competing standards of good judgement: rationality and reasonableness.