Future Index

Methodology

Where the Uncertainty figure came from

Built from how unsettled forecast prices are, how far communities differ, how quickly attention is moving, and how weakly founded the other three figures are.

How it is put together

  1. Forecast prices refusing to settle

    How much each tracked question's probability has been moving about, averaged across the questions that have enough readings to say.

    In full: Variability

    If this produces nothingA question with too few readings has no variability figure and contributes nothing here, rather than contributing a calm one.

  2. Communities differing from each other

    How far apart the platforms are in the overall tone of their discussion of the same subjects.

    In full: How far communities are apart

    If this produces nothingWith one platform being read there is nothing to differ, so this part is left out entirely and its weight is shared among the rest. It is never scored as agreement — a sample that cannot disagree with itself has not been found to agree.

  3. Attention moving quickly

    How many of the tracked subjects have had their attention figure move sharply over the last day, taken across the whole tracked set.

    In full: Attention — how much of the tracked world is unusually active

    If this produces nothingIf no subject could be scored, this part is left out rather than read as attention sitting still.

  4. How weakly founded the other figures are

    This part reads the confidence the other three figures published for themselves. It is the part that notices when the rest of the vector rests on very little.

    In full: How well founded each figure is

    If this produces nothingIt is the one part that cannot be absent while anything else is published, because it is a reading of the others rather than of the world.

  5. This figure

    The parts are scored separately and added together by their weights, so that one settled part cannot pull the whole figure down. A part that cannot be measured is left out and its weight is shared among the rest.

    In full: Uncertainty — how much is in dispute or in motion

    If this produces nothingIf every part is missing, the figure is not published at all. A low figure means the signals were measured and found settled, and never that they could not be measured.

Uncertainty — how much is in dispute or in motion

Each part is scored from 0 to 1 and they are combined by the weights below. A part that cannot be measured at all is left out and its weight is shared among the rest, rather than being scored zero — not measuring something and measuring it to be absent are different statements.

The parts are added rather than multiplied, which is the opposite of how the confidence score below is built, and the difference is deliberate. Forecast prices being settled does not make a violent swing in attention less unsettling, so one calm part must not be able to pull the whole figure down.

The last part is a reading of the other figures rather than of the world: it is high exactly when the rest of the vector rests on little. It is what stops a pulse assembled from one working source out of three from reading as a calm day.

What this does not say

Numbers this uses 7 constants
Constants used by Uncertainty — how much is in dispute or in motion, with their units and how each was arrived at
ValueWhat it doesHow it was arrived at
0.35 share of the score
uncertainty.weights.forecast_volatility
How much forecast prices refusing to settle counts toward uncertainty.A reasoned choice with no observed distribution behind it yet. Read it as a stated position, not a measurement.
0.2 share of the score
uncertainty.weights.sentiment_disagreement
How much communities differing from each other counts toward uncertainty.A reasoned choice with no observed distribution behind it yet. Read it as a stated position, not a measurement.
0.25 share of the score
uncertainty.weights.attention_change
How much attention moving quickly across topics counts toward uncertainty.A reasoned choice with no observed distribution behind it yet. Read it as a stated position, not a measurement.
0.2 share of the score
uncertainty.weights.low_coverage
How much it counts that the rest of these figures are themselves weakly founded. It is what stops a figure computed from almost nothing from reading as calm.A reasoned choice with no observed distribution behind it yet. Read it as a stated position, not a measurement.
0.05 probability per hour, square-root scaled
uncertainty.volatilityReference
How unsettled forecast prices have to be, on average, before that part of the score is full.A reasoned choice with no observed distribution behind it yet. Read it as a stated position, not a measurement.
0.5 polarity
uncertainty.disagreementReference
How far apart two communities' overall tone has to be before that part of the score is full. Nothing produces this figure today.A reasoned choice with no observed distribution behind it yet. Read it as a stated position, not a measurement.
15 index points
uncertainty.attentionChangeReference
How far the average topic's attention has to move over a day before that part of the score is full.A reasoned choice with no observed distribution behind it yet. Read it as a stated position, not a measurement.

What this product does not claim

Stated positions about what this figure is, not a list of things not built yet.

There is no single score for the world, and there will not be one here

Future Index publishes four readings and never a total. That is the product's oldest commitment and the one it would be easiest to break: a single number would be more shareable, easier to put in a headline, and simpler to watch over time.

The whole position

Forecasts are not combined across sources

Future Index does not currently combine forecasts from different sources into a single number. Each question shown is one source's contract, and every figure on it is computed from that source alone.

The whole position

What this product can see is reported separately from what the world is doing

There are two kinds of number on this site and they are never mixed. World conditions — attention, mood, turbulence, disagreement — are readings of the world. Data conditions — measurement quality, coverage, freshness, representativeness — are readings of this product's own ability to observe it.

The whole position

Every threshold on this page is stated, not measured

All the numbers here are stated defaults: reasoned choices with an argument behind each and no observed distribution to place them against. That is stronger than it sounds — it means none of them was fitted to anything, not even second-hand.

The whole position

The rest of it