SciCast has been featured in a Wall Street Journal article about crowdsourced forecasting in the U.S. intelligence community. We’re excited to share that SciCast now has nearly 10,000 participants, a 50% increase in the last two months – an important achievement for a crowdsourced prediction site.
Prediction market performance can be assessed using a variety of methods. Recently, SciCast researchers have been taking a closer look at the market accuracy, which is measured in a variety of ways. A commonly used scoring rule is the Brier score that functions much like squared error between the forecasts and the outcomes on questions.