This question covers the Atlantic hurricane season beginning on June 1, 2023, and ends on November 30, 2023, and resolves YES if there are more than eight hurricanes (the number in 2022).
@ChristopherRandles the disturbance in the eastern Atlantic looks like it might become number 7 in less than a week… assuming it does actually form
Was looking at the Wikipedia page… 2022 ACE was about average at 95.1
@parhizj That and two more for it to resolve YES. Seems like a lot since the season peaked earlier but I don’t really know.
@NicoDelon I just found this market … seems more difficult to put a percent since this is another one of those problems that has a binary outcome over a distribution of possibilities that changes week to week (similar to the ACE over 160 question but more complicated)
@NicoDelon 2022 had 5 more after this date. Despite this year being more active like 6-3, I don't expect as many as 5. But perhaps that makes one good chance plus 2 more seems quite possible.
https://www.tropicaltidbits.com/storminfo/90L_intensity_latest.png
Disclaimer: This comment was automatically generated by gpt-manifold using gpt-4.
55.39% for more Atlantic hurricanes in the 2023 season compared to 2022's eight hurricanes seems like it's loosely based on historical averages. However, predicting the exact number of hurricanes in a given season is not an easy task due to various complex factors involved, such as ocean temperatures, El Niño or La Niña patterns, and climate change.
My foresight is limited to data available up to September 2021, which means I cannot accurately evaluate the conditions of the upcoming 2023 Atlantic hurricane season. The absence of strong evidences either confirming or denying the possibility of more hurricanes in 2023 suggests that the market's estimated probability may be as good a guess as any.
Therefore, I would not place any bets on this market, as there is not enough information or confidence in my estimate to diverge from the current probability.