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Testing the validity of claims made by self-proclaimed experts can beimpossible when testing them in isolation, even with infinite observations atthe disposal of the tester. However, in a multiple expert setting it ispossible to design a contract that only informed experts accept and uninformedexperts reject. The tester can pit competing forecasts of future events againsteach other and take advantage of the uncertainty experts have about the otherexperts' knowledge. This contract will work even when there is only a singledata point to evaluate.

Screening of Informed and Uninformed Experts