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.
Original language | English (US) |
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Pages (from-to) | 357-361 |
Number of pages | 5 |
Journal | Economics Letters |
Volume | 117 |
Issue number | 1 |
DOIs | |
State | Published - Oct 1 2012 |
Externally published | Yes |
All Science Journal Classification (ASJC) codes
- Economics and Econometrics
- Finance