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.
|Original language||English (US)|
|Number of pages||5|
|State||Published - Oct 2012|
All Science Journal Classification (ASJC) codes
- Economics and Econometrics
- Risk aversion
- Scoring rules