Lahiri, Kajal; Liu, Fushang - University at Albany, SUNY, Department of Economics - 2009
Abstract: We consider how to use information from reported density forecasts from surveys to identify asymmetry in forecasters' loss functions. We show that, for the three common loss functions - Lin-Lin, Linex, and Quad-Quad - we can infer the direction of loss asymmetry by just comparing point...