Crowdsourcing Accurately and Robustly Predicts Supreme Court Decisions

D. Katz, M. Bommarito, J. Blackman
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引用次数: 5

Abstract

Scholars have increasingly investigated “crowdsourcing” as an alternative to expert-based judgment or purely data-driven approaches to predicting the future. Under certain conditions, scholars have found that crowd-sourcing can outperform these other approaches. However, despite interest in the topic and a series of successful use cases, relatively few studies have applied empirical model thinking to evaluate the accuracy and robustness of crowdsourcing in real-world contexts. In this paper, we offer three novel contributions. First, we explore a dataset of over 600,000 predictions from over 7,000 participants in a multi-year tournament to predict the decisions of the Supreme Court of the United States. Second, we develop a comprehensive crowd construction framework that allows for the formal description and application of crowdsourcing to real-world data. Third, we apply this framework to our data to construct more than 275,000 crowd models. We find that in out-of-sample historical simulations, crowdsourcing robustly outperforms the commonly-accepted null model, yielding the highest-known performance for this context at 80.8% case level accuracy. To our knowledge, this dataset and analysis represent one of the largest explorations of recurring human prediction to date, and our results provide additional empirical support for the use of crowdsourcing as a prediction method.
众包准确而有力地预测最高法院的判决
学者们越来越多地将“众包”作为基于专家判断或纯粹数据驱动的预测未来方法的替代方案。学者们发现,在一定条件下,众包可以胜过其他方法。然而,尽管人们对这个话题很感兴趣,也有一系列成功的用例,但应用实证模型思维来评估现实环境中众包的准确性和稳健性的研究相对较少。在本文中,我们提供了三个新颖的贡献。首先,我们研究了一个数据集,其中有来自7000多名参与者的60多万个预测,这些参与者参加了一个多年的锦标赛,以预测美国最高法院的判决。其次,我们开发了一个全面的群体构建框架,允许对现实世界数据的众包进行正式描述和应用。第三,我们将这个框架应用到我们的数据中,构建了超过275,000个人群模型。我们发现,在样本外的历史模拟中,众包的表现明显优于普遍接受的零模型,在这种情况下产生了最高的已知性能,准确率为80.8%。据我们所知,该数据集和分析代表了迄今为止人类反复预测的最大探索之一,我们的结果为使用众包作为预测方法提供了额外的经验支持。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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