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Adding slightly to it: they use Brier scores to say how "good" someone is at prediction. Because these predictions require a probability of confidence, you can
by jacques_chester 6y ago
Adding slightly to it: they use Brier scores to say how "good" someone is at prediction. Because these predictions require a probability of confidence, you can punish those who were confidently wrong or reward those who were confidently right.
So if I predict "aliens will land on or before December 1st" with 100% and no aliens appear, then my Brier score is 1 (the worst). If I say 0% confidence, then my score is 0 (the best).
There are dozens and dozens of ways of scoring prediction ability, as it happens: https://www.cawcr.gov.au/projects/verification/verif_web_page.html https://www.cawcr.gov.au/projects/verification/verif_web_pag...