Showing 51 - 60 of 144
The measurement of the quality of research has reached nowadays an increasing interest not only for scientific reasons but also for the critical problem of researchers' ranking, due to the lack of grant assignments. The most commonly used approach is based on the so-called $h$-index, even if the...
Persistent link: https://www.econbiz.de/10009320547
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This paper studies a class of judgment aggregation rules, to be called `scoring rules' after their famous counterpart in preference aggregation theory. A scoring rule delivers the collective judgments which reach the highest total `score' across the individuals, subject to the judgments having...
Persistent link: https://www.econbiz.de/10009403436
The EU procurement directives stipulate that public contracts are awarded to the lowest bidder or to the bidder with the economically most advantageous offer; the latter requiring that a scoring rule must be specified. We provide a simple theoretical framework for tender evaluation and discuss...
Persistent link: https://www.econbiz.de/10008876401
We report in this note some results on the theoretical likelihood of Condorcet's Other Paradox in three alternative elections. This paradox occurs when we have a voting situation such that no Wheighted Scoring Rule (WSR) will select the Pairwise Majority Rule Winner as the WSR winner. We...
Persistent link: https://www.econbiz.de/10008563178
In this paper I examine the Okun–Friedman hypothesis of the link between inflation and inflation uncertainty using historical international data on the monthly CPI. An indicator of inflation uncertainty at the two-years-ahead horizon is derived from a time-series model of inflation with...
Persistent link: https://www.econbiz.de/10008740576
This note introduces a scoring rule for ordinal likelihood judgments based on the linear scoring rule. If the ordinal judgments are strict, the scoring rule is incentive compatible for expected utility maximizers as long utility is increasing in wealth. When allowing for non-strict judgments,...
Persistent link: https://www.econbiz.de/10010678823
Proper Scoring Rules (PSRs) are popular incentivized mechanisms to elicit an agent's beliefs. This paper combines theory and experiment to characterize how PSRs bias reported beliefs when (i) the PSR payments are increased, (ii) the agent has a financial stake in the event she is predicting, and...
Persistent link: https://www.econbiz.de/10010681975
A disadvantage of multiple choice tests is that students have incentives to guess. To discourage guessing, it is common to use scoring rules that either penalize wrong answers or reward omissions. In psychometrics, penalty and reward scoring rules are considered equivalent. However, experimental...
Persistent link: https://www.econbiz.de/10010685016
This paper studies the dominance-solvability (by iterated deletion of weakly dominated strategies) of general scoring rule voting games. The scoring rules we study include Plurality rule, Approval voting, Negative Plurality Rule, Borda rule and Relative Utilitarianism. We provide a...
Persistent link: https://www.econbiz.de/10005368641