...and why do you assert that? If you have good reasons, I’d like to see a top level post on the subject, since this is my natural response to a bunch of probability estimates given by different people with the same information who are rational enough that I care what they think.
Not a top level post because I don’t think I have the definitive say on the matter, but I made an article in the wiki that illustrates why the mean of the log-odds makes more sense.
Unfortunately, the wiki appears to have issues with math right now, so the article has an ugly error message in it. The formula works fine in the Wikipedia sandbox. If anyone knows what is going on or has any other changes, feel free to edit.
...and why do you assert that? If you have good reasons, I’d like to see a top level post on the subject, since this is my natural response to a bunch of probability estimates given by different people with the same information who are rational enough that I care what they think.
Not a top level post because I don’t think I have the definitive say on the matter, but I made an article in the wiki that illustrates why the mean of the log-odds makes more sense.
Unfortunately, the wiki appears to have issues with math right now, so the article has an ugly error message in it. The formula works fine in the Wikipedia sandbox. If anyone knows what is going on or has any other changes, feel free to edit.
Somebody with no information does not so effectively counterbalance ten people who can describe the positions of every atom on the planet.
I calculated an example involving 0.99, 0.5, 0.745 and (1-10^20) but then I noticed badger’s link beat me to it.