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• W2129341324 abstract "Abstract Proper scoring rules serve to measure subjective degrees of belief. Traditional proper scoring rules are based on the assumption of expected value maximization. There are, however, many deviations from expected value, primarily due to risk aversion. Correcting techniques have been proposed in the literature for deviations due to nonlinear utility. These techniques still assumed expected utility maximization. More recently, corrections for deviations from expected utility have been proposed. The latter concerned, however, only the quadratic scoring rule, and could handle only half of the domain of subjective beliefs. Further, beliefs close to 0.5 could not be discriminated. This paper generalizes the correcting techniques to all bounded binary proper scoring rules, covers the whole domain of beliefs and, in particular, can discriminate between all degrees of belief. Thus, we fully extend the properness requirement (in the sense of identifying all degrees of subjective beliefs) to virtually all models that deviate from expected value. Copyright © 2011 John Wiley & Sons, Ltd." @default.
• W2129341324 created "2016-06-24" @default.
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• W2129341324 date "2010-05-01" @default.
• W2129341324 modified "2023-09-24" @default.
• W2129341324 title "Comonotonic proper scoring rules to measure ambiguity and subjective beliefs" @default.
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• W2129341324 doi "https://doi.org/10.1002/mcda.454" @default.
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