Science Fiction Dictionary
A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z

 

SciCast Prediction Market Offers Collaborative Forecasting

SciCast is a crowdsourced forecasting platform based on the idea that the collective wisdom of an informed and diverse group can be gathered and used to accurately predict future events.


(SciCast crowdsourced forecasting platform )

Unlike other forecasting sites, SciCast can create relationships between forecast questions that may have an influence on each other. For example, we may ask a question about the volume of sea ice in the Arctic in a given month. We may also ask a question about average temperature in this same locale or other influencing metrics. SciCast will learn from its participants how strong of a relationship these questions have to each other and will adjust their outcomes accordingly. So, if participants raise the forecasted average Arctic temperature, SciCast will instantly adjust forecasts for the corresponding level of Arctic sea ice, according to the correlations made by previous forecasters…

SciCast is a community-driven initiative. Participants write their own questions in our publishing tool called Spark and participate in a process to get those questions published. SciCast participants can make forecasts at any time about any published question. Unlike a survey, participants can change their forecast at any time to account for new information. In this way, SciCast is a real-time indicator of what our participants think is going to happen.

Technically, SciCast is a (combinatorial) prediction market. Prediction markets can be used to forecast the outcome of a wide variety of topics and are used today in large corporations and governments to understand the likelihood of meeting key performance metrics, quantify risks that may jeopardize operations, and better understand industry trends.

In his 1975 novel The Shockwave Rider, John Brunner introduces sf readers to the idea of a Delphi pool:

It works, approximately, like this.

First you corner a large - if possible, a very large - number of people who, while they've never formally studied the subject you're going to ask them about and hence are unlikely to recall the correct answer, are nonetheless plugged into the culture to which the question relates.

Then you ask them, as it might be, to estimate how many people died in the great influenza epidemic which followed World War I...

Curiously, when you consolidate their replies they tend to cluster around the actual figure as recorded in almanacs, yearbooks and statical returns.

Well, if it works for the past, why can't it work for the future? Three hundred million people with access to the integrated North American data-net is a nice big number of potential consultees.
(Read more about Brunner's Delphi pool)

Scroll down for more stories in the same category. (Story submitted 1/11/2014)

Follow this kind of news @Technovelgy.

| Email | RSS | Blog It | Stumble | del.icio.us | Digg | Reddit |

Would you like to contribute a story tip? It's easy:
Get the URL of the story, and the related sf author, and add it here.

Comment/Join discussion ( 0 )

Related News Stories - (" Culture ")

Cognify - A Prison Of The Mind We've Seen Before In SF
'So I serve a hundred years in one day...'- Joe Haldeman, 2011.

Robot Preachers Found To Undermine Religious Commitment
'Tell me your torments,' the Padre said, in an elderly voice marked with compassion. - Philip K. Dick, 1969.

Gaia - Why Stop With Just The Earth?
'But the stars are only atoms in larger space, and in that larger space the star-atoms could combine to form living matter, thinking matter, couldn't they?' - Robert Castle, 1939.

Splendid View Of Eclipse From Orbit Visualized And Repurposed By Arthur C. Clarke
'The area affected was five hundred kilometres across, and perfectly circular.' - Arthur C. Clarke, 1953.

 

Google
  Web TechNovelgy.com   

Technovelgy (that's tech-novel-gee!) is devoted to the creative science inventions and ideas of sf authors. Look for the Invention Category that interests you, the Glossary, the Invention Timeline, or see what's New.

 

 

 

 

Science Fiction Timeline
1600-1899
1900-1939
1940's   1950's
1960's   1970's
1980's   1990's
2000's   2010's

Current News

Chaffeur Robot Musashi Will Drive Your Regular Car
'What would you do,' Eric asked the robot cabdriver, 'if your wife had turned to stone, your best friend were a toad, and you had lost your job?'

Space Exporers! Now, You Can Drink Your Own Urine
'those suits they wear -- call them 'stillsuits' -- that reclaim the body's own water...'

SpaceX EVA Spacesuit Tested By Polaris Dawn Crew
'Now, except for weight and heat, the same conditions prevail in this chamber as in space.'

Automatic Bot Traffic Is 38 Percent Of HTTP Requests
'there were so many worms and counterworms loose in the data-net...'

Shanghai Guidelines For Humanoid Robots
'Now, look, let's start with the three fundamental Rules of Robotics...'

Desktop TARS Robot From Interstellar
What's YOUR sarcasm setting?

Robots Can Now Have Smiling Faces With Human Skin
'I am a cybernetic organism...'

Virtual Rat Predicts Actual Rat Neural Activity
'..the synthetic intellects at the Place of Knowledge had far outstripped the minds of men.'

GoSun EV Solar Charger Drapes Onto Your Car
'...six square yards of sunpower screens.'

Rizon 4 Ironing Robot
'But after washing and drying clothes had to be smooth - free from fine lines and wrinkles ...'

Cognify - A Prison Of The Mind We've Seen Before In SF
'So I serve a hundred years in one day...'

Robot With Human Brain Organoid - 'A Thrilling Story Of Mechanistic Progress'
'A human brain snugly encased in a transparent skull-shaped receptacle.'

Goodness Gracious Me! Google Tries Face Recognition Security
'The actuating mechanism that should have operated by the imprint of her image on the telephoto cell...'

With Mycotecture, We'll Just Grow The Space Habitats We Need
'The only real cost was in the plastic balloon that guided the growth of the coral and enclosed the coral's special air-borne food.'

Can A Swarm Of Deadly Drones Take Out An Aircraft Carrier?
'The border was defended by... a swarm of quasi-independent aerostats.'

WiFi and AI Team Up To See Through Walls
'The pitiless M rays pierced Earth and steel and densest concrete as if they were so much transparent glass...'

More SF in the News Stories

More Beyond Technovelgy science news stories

Home | Glossary | Invention Timeline | Category | New | Contact Us | FAQ | Advertise |
Technovelgy.com - where science meets fiction™

Copyright© Technovelgy LLC; all rights reserved.