A note on proper scoring rules and risk aversion

C-Tier
Journal: Economics Letters
Year: 2012
Volume: 117
Issue: 1
Pages: 357-361

Authors (2)

Peysakhovich, Alexander (not in RePEc) Plagborg-Møller, Mikkel (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

When risk averse forecasters are presented with risk neutral proper scoring rules, they report probabilities whose ratios are shaded towards 1. If elicited probabilities are used as inputs to decision-making, naive elicitors may violate first-order stochastic dominance.

Technical Details

RePEc Handle
repec:eee:ecolet:v:117:y:2012:i:1:p:357-361
Journal Field
General
Author Count
2
Added to Database
2026-01-29