Clearer Thinking with Spencer Greenberg cover image

Forecasting the things that matter (with Peter Wildeford)

Clearer Thinking with Spencer Greenberg

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Measuring Forecasting Accuracy

This chapter explores the intricacies of evaluating forecasting accuracy in probabilistic contexts, emphasizing the limitations of traditional prediction metrics. It introduces the Breyer score as a more nuanced approach to assessing predictions and discusses various scoring rules, including their implications for high-stakes scenarios. The conversation also highlights the importance of calibration and the psychological challenges faced by forecasters when dealing with probabilistic outcomes.

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