"The question becomes, is it possible to set up a system for learning from history that's not simply programmed to avoid the most recent mistake in a very simple, mechanistic fashion? Is it possible to set up a system for learning from history that actually learns in our sophisticated way that manages to bring down both false positive and false negatives to some degree? That's a big question mark.
Nobody has really systematically addressed that question until IARPA, the Intelligence Advanced Research Projects Agency, sponsored this particular project, which is very, very ambitious in scale. It's an attempt to address the question of whether you can push political forecasting closer to what philosophers might call an optimal forecasting frontier. That an optimal forecasting frontier is a frontier along which you just can't get any better."