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Axiomatic Characterization of the Quadratic Scoring Rule

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Abstract

In the evaluation of experiments often the problem arises of how to compare the predictive success of competing probabilistic theories. The quadratic scoring rule can be used for this purpose. Originally, this rule was proposed as an incentive compatible elicitation method for probabilistic expert judgments. It is shown that up to a positive linear transformation, the quadratic scoring rule is characterized by four desirable properties.

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Authors and Affiliations

  1. Laboratorium für experimentelle Wirtschaftsforschung, Adenauerallee 24-42, University of Bonn, D-53113, Bonn

    Reinhard Selten

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  1. Reinhard Selten
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Selten, R. Axiomatic Characterization of the Quadratic Scoring Rule. Experimental Economics 1, 43–61 (1998). https://doi.org/10.1023/A:1009957816843

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  • DOI: https://doi.org/10.1023/A:1009957816843

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