Nonmanipulable Bayesian testing

A-Tier
Journal: Journal of Economic Theory
Year: 2011
Volume: 146
Issue: 5
Pages: 2029-2041

Authors (1)

Colin, Stewart (not in RePEc)

Score contribution per author:

4.022 = (α=2.01 / 1 authors) × 2.0x A-tier

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

Abstract

This paper considers the problem of testing an expert who makes probabilistic forecasts about the outcomes of a stochastic process. I show that, as long as uninformed experts do not learn the correct forecasts too quickly, a likelihood test can distinguish informed from uninformed experts with high prior probability. The test rejects informed experts on some data-generating processes; however, the set of such processes is topologically small. These results contrast sharply with many negative results in the literature.

Technical Details

RePEc Handle
repec:eee:jetheo:v:146:y:2011:i:5:p:2029-2041
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29