They do slightly worse than simply averaging a bunch of estimates, and would be blown out of the water by even a naive histocratic algorithm (weighted average based on past predictor performance using Bayes)
Fantastic. Please tell me which markets this applies to and link to the source of the algorithm that gives me all the free money.
The IARPA expert aggregation exercises look plausible, and have supposedly done all right predicting geopolitical events. I would not be shocked if the first to use those methods on financial markets got a bit of alpha.
I was very interested in the discussions and opinions that grew out of the last time this was played, but find digging through 800+ comments for a new game to start on the same thread annoying. I also don't want this game ruined by a potential sock puppet (whom ever it may be). So here's a non-sockpuppetiered Irrationality Game, if there's still interest. If there isn't, downvote to oblivion!
The original rules:
Enjoy!