Editing Forecasting (section)

== Forecasting as training, betting and futarchy ==
In several cases, the forecast is either more or less than a prediction of the future.

In [[Philip E. Tetlock]]'s ''[[Superforecasting: The Art and Science of Prediction]]'', he discusses forecasting as a method of improving the ability to make decisions. A person can become better calibrated{{Citation needed|date=January 2022}} — ''i.e.'' having things they give 10% credence to happening 10% of the time. Or they can forecast things more confidently{{Citation needed|date=January 2022}} — coming to the same conclusion but earlier. Some have claimed that forecasting is a transferable skill with benefits to other areas of discussion and decision making.{{Citation needed|date=January 2022}}

[[Betting]] on sports or politics is another form of forecasting. Rather than being used as advice, bettors are paid based on if they predicted correctly. While decisions might be made based on these bets (forecasts), the main motivation is generally financial.

Finally, [[futarchy]] is a form of government where forecasts of the impact of government action are used to decide which actions are taken. Rather than advice, in futarchy's strongest form, the action with the best forecasted result is automatically taken.{{Citation needed|date=January 2022}}