Storage Markets assesses itself —a la Google.

Storage Markets (powered by HSX, by the way):

[...] The Calibration Test provides a metric used in the discussion regarding the market’s ability to over or under forecast the. The Logarithmic Score is a metric that can be used to compare the quality of a market’s predictions against a so-called “expert”. The Entropy metric borrows the concept of decidedness from decision theory to give us insight into how well a market is incorporating new information into its prediction. [...]

storage-markets-calibration-test

storage-markets-calibration-test 2

I’m so impressed. :)

Appendix: Bo Cowgill assessing the Google’s internal prediction markets (circa end of 2005).

About Chris F. Masse

Founder and President of Midas Oracle
This entry was posted in Analysis (Accuracy & Precision), Exchanges & Markets, Market Expiry, Market Prices & Probabilities and tagged . Bookmark the permalink.

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