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Published equation contexts

oi∈{0,1}o_i \in \{0,1\}

Why this formula appears here

where pip_i is the forecaster’s stated probability on question i and oio_i ∈\in \{0,1\} is the realized outcome. Lower is better; a perfectly calibrated coin-flip forecaster scores 0.25 on a 50/50 question, and a forecaster who says 100 percent and is wrong scores the maximum possible 1.0.

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oio_i

Symbol o_i

oio_i is a part of this expression. Its role is fixed by the surrounding article and by the operations shown in the formula.

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Published contexts (1)

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oi∈{0,1}o_i \in \{0,1\}

Equation 4 · Future Studies

Futures Methods and Technological Scenarios in Practice: An Advanced Technical Guide

This mathematical expression combines the displayed quantities; its precise role follows from the surrounding article text.

where pip_i is the forecaster’s stated probability on question i and oio_i ∈\in \{0,1\} is the realized outcome. Lower is better; a perfectly calibrated coin-flip forecaster scores 0.25 on a 50/50 question, and a forecaster who says 100 percent and is wrong scores the maximum possible 1.0.

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