Journal of Experimental Psychology, 81(3), 561–565.īecker, G., DeGroot, M., & Marschak, J. Subjective probability revision and subsequent decisions. Journal of Experimental Psychology, 75(3), 354–359.īeach, L. Subjective probabilities inferred from estimates and bets. Technical report, Jena Economic Research Paper.īeach, L., & Phillips, L. Applying Quadratic Scoring Rule transparently in multiple choice settings: a note. European Economic Review, 62, 17–40.Īrtinger, F., Exadaktylos, F., Koppel, H., & Sääksvuori, L. Eliciting beliefs: Proper scoring rules, incentives, stakes and hedging. Subjective probabilities in games: A solution to the overbidding puzzle. Journal of Risk and Uncertainty, 48(3), 207–220.Īrmantier, O., & Treich, N. Discovering personal probabilities when utility functions are unknown. Then \(S\left( r,1\right) =P\left( Z\le r\right) u\left( y\right) +\int _\left( z\right) \).Īllen, F. Let \(u\left( z\right) \) be the utility of prize \(z\). The mechanism can also be presented as a scoring rule. The certainty equivalent is the value of \(q\) where the subject switches from the lottery to the sure amount. At the end, one decision is randomly selected for payment. Rather than asking for the lowest price that the subject is willing to pay for prospect \(y_E g\), this mechanism can also be implemented by letting subjects complete a menu list of choices between a sure amount \(q\) and the prospect \(y_Eg\), where \(q\) is increasing for each choice.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |