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Notes--Discovering Personal Probabilities When Utility Functions are Unknown

Author

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  • Franklin Allen

    (The Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania 19104)

Abstract

Standard scoring rules require knowledge of the expert's utility function. This note shows how basic reference lottery tickets can be used to develop scoring rules which do not require this information.

Suggested Citation

  • Franklin Allen, 1987. "Notes--Discovering Personal Probabilities When Utility Functions are Unknown," Management Science, INFORMS, vol. 33(4), pages 542-544, April.
    • Handle: RePEc:inm:ormnsc:v:33:y:1987:i:4:p:542-544
    DOI: 10.1287/mnsc.33.4.542
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    Keywords

    scoring rules; unobservable preferences;

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