Showing 1 - 10 of 46
The purpose of this paper is to briefly discuss some important current questions and problems related to the use of scoring rules (SRs) both in connection with the actual assessment of probabilities and with the evaluation of probability forecasts and probability assessors. With regard to the...
Persistent link: https://www.econbiz.de/10009477301
Persistent link: https://www.econbiz.de/10012406107
Persistent link: https://www.econbiz.de/10011691439
Persistent link: https://www.econbiz.de/10011685989
Persistent link: https://www.econbiz.de/10011884309
Persistent link: https://www.econbiz.de/10012153091
Persistent link: https://www.econbiz.de/10011748868
The one-switch property states that the preference between any two lotteries switches at most once as wealth increases. Working within the expected utility framework, we extend the one-switch notion to the multiattribute case and identify the families of multiattribute utility functions that are...
Persistent link: https://www.econbiz.de/10010990630
Persistent link: https://www.econbiz.de/10005201464
Decision analysis produces measures of value such as expected net present values or expected utilities and ranks alternatives by these value estimates. Other optimization-based processes operate in a similar manner. With uncertainty and limited resources, an analysis is never perfect, so these...
Persistent link: https://www.econbiz.de/10009214112