arXiv Machine Learning

How Proper Scoring Rules Shape LLM Forecasting

The paper investigates how different proper scoring rules influence the performance and behavior of large language model (LLM) forecasters. Five scoring rules were compared as training objectives for binary forecasts of real-world events, revealing that while they all theoretically incentivize truthful probability reporting, they produce models with varying calibration, probability usage, and bias, information, and noise profiles. The Brier-trained model achieved the lowest Brier score and highest AUC-ROC, whereas the log-trained model achieved the best log score and lowest calibration error, indicating that scoring rule choice can shape both forecast accuracy and error structure.

arXiv Machine Learning
Sep 7

Forecast Skill Is Not Decision Skill: Evidence from Weather-Dependent Decision Tasks

The paper argues that traditional weather forecast evaluations, which focus on statistical comparisons between forecasts and observations, do not adequately capture how forecasts influence real-world decisions. It introduces decision calibration, a framework that assesses probabilistic forecast performance from the decision-maker’s perspective. Using this framework, the authors compare a machine learning model to a classical numerical weather prediction model across various weather-dependent decision tasks, finding that forecast-level performance does not reliably predict decision-level outcomes and that model rankings can shift depending on the decision context.

By Kornelius Raeth, Nicole Ludwig
arXiv AI
Jun 30

Diversity is the Strength of the AI Crowd

arXiv:2606. 29661v1 Announce Type: new Abstract: Top AI forecasting systems are approaching superforecaster-level accuracy on future world events, but still rely primarily on off-the-shelf LLMs combined with forecasting-specific context gathering and scaffolding.

By Matthew Aitchison, Scott Jeen, Toby Shevlane, Ben Day
Hugging Face Trending Papers
Jun 29

Diversity is the Strength of the AI Crowd

Top AI forecasting systems are approaching superforecaster-level accuracy on future world events, but still rely primarily on off-the-shelf LLMs combined with forecasting-specific context gathering and scaffolding. We study how to improve this recipe through ensembling: given a fixed number of samples, which off-the-shelf model forecasts should be combined to maximize accuracy?

arXiv Machine Learning
Jun 9

Proper Calibeating

arXiv:2605. 26703v2 Announce Type: replace-cross Abstract: The classic concept of "calibrated forecasts" and its more recent refinement, "calibeating," are defined with respect to the standard quadratic scoring rule.

By Dean P. Foster, Sergiu Hart
arXiv Machine Learning
Aug 31

Generalized Gibbs Ensemble Weighting for Forecast Combination

The paper introduces Generalized Gibbs Ensemble Weighting (GGEW), a probabilistic framework that assigns weights to forecasting models using a Gibbs-style exponential transformation of normalized predictive loss. GGEW extends basic weighting through numerical stabilization, diversity-aware score corrections, and online hyperparameter adaptation, yielding variants such as Stable Gibbs weighting, Directional Gibbs-NCL, and Symmetric Gibbs-NCL. The authors evaluate GGEW on M4 competition submissions and real-world datasets (Monash Traffic, Electricity, Solar), finding that Gibbs-style adaptive weighting is competitive across various settings, though performance varies by dataset, horizon, and deployment protocol.

By Prasen R. Nuthanakaluva, Nava K. Gaddam
arXiv Machine Learning
Jul 2

Decision-Aware Training for Sample-Based Generative Models

arXiv:2607. 01171v1 Announce Type: new Abstract: Sample-based generative models are increasingly used for probabilistic forecasting in high-stakes decision settings, yet their training objectives are blind to the decision maker's cost structure.

By Kornelius Raeth, Nicole Ludwig