Category

Forecasting & Calibration

22 free guides in this category.

9 guides

Aggregation & Extremizing Playbooks

13 guides

Aggregation & Wisdom of Crowds

Brier Score

A method to measure the accuracy of probability forecasts by rewarding both correctness and confidence.

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Calibration Training

A method to improve the accuracy of your predictions by systematically tracking your confidence against real-world outcomes.

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Conditions for Crowd Wisdom

The four conditions under which groups make smarter decisions than individuals: diversity, independence, decentralization, and proper aggregation.

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Crowdsourcing vs. Crowd Wisdom

Distinguishes between getting work done by many people (crowdsourcing) and extracting accurate collective judgments from diverse, independent opinions (crowd wisdom).

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Extremizing Forecasts

A technique for aggregating predictions that amplifies the consensus of multiple forecasters by moving pooled probabilities toward extremes when forecasters agree.

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Galton's Ox Experiment

The surprising discovery that the collective average guess of a large, diverse crowd can be remarkably accurate.

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Information Cascades

How people make decisions by observing the actions of others, sometimes ignoring their own private information.

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Prediction Markets

Markets where people trade on future events, turning scattered information into a shared forecast when participation and incentives are strong.

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Simple Averaging of Forecasts

A powerful method for improving prediction accuracy by taking the simple average of multiple forecasts, which cancels out individual errors and often outperforms a typical single forecast.

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Superforecasting Principles

A set of empirically tested cognitive habits that distinguish elite predictors from ordinary experts, focusing on how they think, not what they think.

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Delphi Method

A structured technique for gathering expert judgment through anonymous, iterative questionnaires that converge toward consensus without the distortions of face-to-face group dynamics.

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The Wisdom of Crowds

The collective opinion of a diverse, independent group is often more accurate than that of any single expert.

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Weighted Averaging

A method for combining judgments that gives more influence to more reliable or knowledgeable sources, improving accuracy over simple averaging.

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