The forecasting accuracy of Forecast’s users was also fairly good: “Forecast’s midpoint brier score [...] across all closed Forecasts over the past few months is 0.204, compared to Good Judgement’s published result of 0.227 for prediction markets.”
For what it’s worth , as noted in Nuño’s comment this comparison holds little weight when the questions aren’t the same or on the same time scales; I’d take it as fairly weak evidence from my prior that real-money prediction markets are much more accurate.
Real-money prediction markets are currently significantly more accurate than Facebook Forecast on the same questions
as noted in Nuño’s comment this comparison holds little weight when the questions aren’t the same or on the same time scales
Right, definitely, I forgot to add this. I wasn’t trying to say that Forecast is more accurate than real-money prediction markets (or other forecasting platforms for that matter) but rather that Forecasts’ forecasting accuracy is at least clearly above the this-is-silly level.
For what it’s worth , as noted in Nuño’s comment this comparison holds little weight when the questions aren’t the same or on the same time scales; I’d take it as fairly weak evidence from my prior that real-money prediction markets are much more accurate.
Right, definitely, I forgot to add this. I wasn’t trying to say that Forecast is more accurate than real-money prediction markets (or other forecasting platforms for that matter) but rather that Forecasts’ forecasting accuracy is at least clearly above the this-is-silly level.