For many years, Cultivate Forecasts supported two different forecasting interface modes: prediction markets and opinion pools (aka opinion surveys or probability surveys). In a prediction market, forecasters buy and sell shares of answer options using real or virtual/fantasy currency (ie. I spend $10 to buy shares of “Yes” in the market “Will candidate X win the election?”). In an opinion pool, forecasters assign a probability to each potential answer (ie. I for
Questioning the assumptions and probabilities of the consensus is a simple best practice of forecasting. Do I currently agree with the prevailing winds, or do I predict something different will occur? We've recently introduced the "contrarian sort..."
We’re excited to announce the launch of a beta version of a new forecasting capability on the Cultivate platform we’re calling “multi-time period questions.” This new type of forecasting input now gives us the ability to collect several points of input from the forecaster all at once.
For a long time we've had a rudimentary reminder system a user can set after they make a forecast. But now, we've introduced a more intelligent "nudging" system to ensure a larger percentage of forecasters are updating their forecasts on a regular basis.