5 ms·
Awesome project, I love the use of TrueSkill Through Time here! Really interesting that it beats out Elo as well. FiveThirtyEight actually posted their WC pred
by ajra 8y ago
Awesome project, I love the use of TrueSkill Through Time here! Really interesting that it beats out Elo as well.
FiveThirtyEight actually posted their WC predictions earlier today [1]. Finding where the two models diverge is a fun exercise -- they have Morocco as a 40% favorite tomorrow while your model has Iran as a 46% favorite.
It would be interesting to test the model by applying the Kelly Criterion [2] when you have an odds advantage to a fake initial $1000 bankroll and seeing where you end up at the end of the tournament.
If Iran does end up being a 46% favorite tomorrow then that Kelly test will start to look really good, really quickly - the market is only giving Iran a ~25% chance right now!
[1] https://projects.fivethirtyeight.com/2018-world-cup-predictions/matches/ https://projects.fivethirtyeight.com/2018-world-cup-predicti...
[2] http://www.elem.com/~btilly/kelly-criterion/ http://www.elem.com/~btilly/kelly-criterion/ for the background, http://www.albionresearch.com/kelly/ http://www.albionresearch.com/kelly/ for a useful calculator
- lum 8y agoThanks! Regarding the Kelly Criterion—that's a great idea, I'll look into it! I think we were off to a good start after Morocco vs Iran (for which we had significantly different predictions and got it right), but lost quite a bit with Danemark vs Peru (we had Peru as favorite).