hurricane

Tracking evolving views of the 2024 Atlantic hurricane season with an expert prediction market

Before the 2024 Atlantic hurricane season began the consensus was that it would be one of the most active seasons in history. However, a prolonged quiet period during late August and early September possibly led forecasters to question these …

Can expert prediction markets forecast climate-related risks?

This article examines the performance of 24 prediction markets for climate-related variables that have been run over the past five years. The markets had horizons of 2 to 12 months. the predictions of the markets were consistent with good reliability, given the resolving power afforded by the sample size.