Notes—Discovering Personal Probabilities When Utility Functions are Unknown
- 1 April 1987
- journal article
- Published by Institute for Operations Research and the Management Sciences (INFORMS) in Management Science
- Vol. 33 (4) , 542-544
- https://doi.org/10.1287/mnsc.33.4.542
Abstract
Standard scoring rules require knowledge of the expert's utility function. This note shows how basic reference lottery tickets can be used to develop scoring rules which do not require this information.Keywords
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