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Notes—Discovering Personal Probabilities When Utility Functions are Unknown

Franklin Allen

Management Science · 1987 · Volume 33 · Issue 4

DOI: 10.1287/mnsc.33.4.542

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.

Keywords

scoring rules, unobservable preferences

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