Liflock

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1.31366

Relative Brier Score

6

Forecasts

4

Upvotes
Forecasting Activity
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No forecasts in the past 3 months
 

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Comments 0 0 0 0 6
Questions Forecasted 0 0 0 0 3
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 Definitions
New Prediction
Liflock
made their 2nd forecast (view all):
Probability
Answer
2% (0%)
Less than $30 million
4% (0%)
More than or equal to $30 million but less than $45 million
16% (+8%)
More than or equal to $45 million but less than $60 million
41% (+19%)
More than or equal to $60 million but less than $75 million
37% (-27%)
More than or equal to $75 million
Why do you think you're right?

Has shown strong growth recently and seems well-positioned to keep up the momentum. Few historical data points but I will assume continued linear growth. 

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Why might you be wrong?

The few historical data points means there’s no strong trendline to center a base rate estimate around. I am insecure about company overvaluation, volatility and uncertain outcome of recent acquisitions. Am looking forward to seeing Q3 2022 report.

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New Prediction
Liflock
made their 1st forecast (view all):
Probability
Answer
2%
Less than $30 million
4%
More than or equal to $30 million but less than $45 million
8%
More than or equal to $45 million but less than $60 million
22%
More than or equal to $60 million but less than $75 million
64%
More than or equal to $75 million
Why do you think you're right?

Has shown strong growth recently and seems well-positioned to keep up the momentum. Few historical data points but I will assume continued linear growth. 

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Why might you be wrong?

The few historical data points means there’s no strong trendline to center a base rate estimate around. I am insecure about company overvaluation, volatility and uncertain outcome of recent acquisitions. Am looking forward to seeing Q3 2022 report.

Files
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Upvotes Received

New Prediction
Why do you think you're right?

Great considerations by several forecasters (@cassandra , @MullenAustin, @sulli365, @dvasya, @belikewater). I’m going to go mostly with the crowd on this one, adjusting slightly downwards based on @belikewater’s great observation that “the question resolution data are only obtained from NHGRI-funded sequencing centers” whose “equipment won't be upgraded overnight”.

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Why might you be wrong?

If NHGRI changes the way it measures the cost (in particular, not solely basing it on sequencing performed at NHGRI-funded facilities, and/or excluding labor and instrument costs), the $100 goal could be feasible before 1 September 2023.

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New Prediction
Why do you think you're right?

First of all, using iGEM performance as a proxy for the strength of the future synbio workforce is interesting. But as mentioned in some of the references above, the iGEM Jamboree has hitherto been located in the US, which has probably favored participation of US teams. If US-team participation and performance will drop now that the Jamboree is in Paris, this will probably not reflect deterioration of synbio competence, but rather difficulties for US teams to find finances and time to participate and travel to Paris.

In the last eleven years, the US has won an award (Grand Prize or 1st Runner Up or 2nd Runner Up) twice, so I’m starting with a base rate of 18%. During this period, 30% of teams have been from the US, on average. Since 2011, however, the number of participating US teams has been steadily decreasing while the number of teams from other countries has been steadily increasing. In 2021 and 2022, the percentage of participating US teams was 15%, half of the average between 2011 and 2021. This halves the estimated chance of award from 18 to 9%.

The iGEM Jamboree moved from Boston to Paris in 2021. This will affect the ability of US teams to compete. It may disproportionately affect US teams compared to other countries’ teams because US teams have to find their own funding (Thousands of USD to register; additional costs for the Jamboree, travel and visa-related expenses). In other countries, iGEM teams are often sponsored by the state, their schools or by companies. This makes me adjust my estimate downwards, to 7%

The US has never won two awards at a single Jamboree, but I will apply a generous base rate to my first estimate and say there’s a 1% chance that they will do so this year.


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Why might you be wrong?

There might be local funding/outreach initiatives in the US that I’m not aware of that will boost US team performance. Also, the Jamboree is obviously not a purely statistical game and it’s very hard to predict how individual teams will perform or how judges will judge. Also, perhaps US teams are particularly motivated when they know they have to travel to Paris to compete? I might therefore be inclined to adjust my estimate in favor of US teams. 

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Active Forecaster

New Prediction
Liflock
made their 1st forecast (view all):
Probability
Answer
35%
In 3Q 2022 or 4Q 2022
30%
In 1Q 2023 or 2Q 2023
25%
In 3Q 2023 or 4Q 2023
10%
Not before 1Q 2024
Why do you think you're right?

The question asks when algae-based biofuels will next be positively mentioned; it doesn’t ask how well the development of algae-based biofuels is going. ExxonMobil seems to be using their partnership with Viridos a lot in their public-relations communications (regardless of whether or not this can be considered greenwashing). I therefore think ExxonMobil can choose throw in a statement of this partnership here and there to give the impression that they’re a climate friendly company, regardless of whether there’s been real progress. In fact, they mentioned Viridos in a tweet just two weeks ago. I therefore do not think ExxonMobil will cancel their partnership with Viridos and abandon their algae-based biofuels initiative, in contrast to Shell and Chevron. I think it’s likelier that they will mention algae-based biofuels soon, given that there seems to have been some recent success in scaling up oil content of these algae (though that success has apparently not been peer-reviewed and so it's unclear whether that's real). 

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Why might you be wrong?

One question is how the research on algae-based biofuels is going. That’s not the question that’s being asked here. Given that ExxonMobil seems to be leveraging their partnership with Viridos for public-relations purposes, I think ExxonMobil will choose to mention algae-based biofuels when they need to show progress on the sustainability front, regardless of whether there’s been recent progress or not. It’s hard to predict when that’s going to be.

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My First Question

Congratulations on making your first forecast!
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Active Forecaster

New Prediction
Liflock
made their 1st forecast (view all):
Probability
Answer
55%
Less than 20%
40%
More than or equal to 20% but less than 24%
5%
More than or equal to 24%
Why do you think you're right?

Biofuels consumption as a percentage of renewables has remained more or less static at ~20% in the last ~12 years, so that’s my base rate. Even though synthetic biology can generate large improvements in biofuels production in the future, that technology does not seem to be mature enough to have an impact within the next year. Biden’s new biofuels initiative of 2022 will likely increase biofuels production and use in the next year. Based on the rate of increased biofuels consumption in the years after the Energy Policy Act of 2005 and Energy Independence and Security Act of 2007, biofuels consumption will likely not increase by more than 30% from today’s value (-> 26%) within the next year. Other renewables, especially solar and wind, are currently increasing at least as fast as that (~30% per year), which will likely bring down the percentage of renewables made up of biofuels.

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Why might you be wrong?

1) The new biofuels initiative seems pretty ambitious. It not only seeks to increase production but also incorporation of biofuels into fossil/biofuel blends, which could potentially have rapid impacts even within the next 1 year, increasing my estimate.

2) Synthetic biology technology development for biofuels happens not only in academic institutions but also by energy companies currently in “stealth mode”. I don’t know how far along such developments might be and whether any of them could be rolled out on a large scale in the next year.

3) Solar and wind have increased linearly in the past few years. Changes in their rates (e.g., exponential growth or plateauing) could influence biofuels percentage both up and down.


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