Arbeitspapier

Applying quadratic scoring rule transparently in multiple choice settings: A note

The quadratic scoring rule (QSR) is often used to guarantee an incentive compatible elicitation of subjective probabilities over events. Experimentalists have regularly not been able to ensure that subjects fully comprehend the consequences of their actions on payoffs given the rules of the games. In this note, we present a procedure that allows the transparent use of the QSR even in multiple-choice scenarios. For that purpose, two methodological means are applied: an alternative representation of the score and a short learning period to familiarize subjects with the payoff mechanism. The results suggest that both means were necessary and successful in facilitating subjects' understanding of the rule.

Sprache
Englisch

Erschienen in
Series: Jena Economic Research Papers ; No. 2010,021

Klassifikation
Wirtschaft
Expectations; Speculations
Design of Experiments: General
Thema
Quadratic scoring rule
experimental methodology
experimental design
Präferenztheorie
Nichtlineare Optimierung
Experimentelle Ökonomik
Test

Ereignis
Geistige Schöpfung
(wer)
Artinger, Florian
Exadaktylos, Filippos
Koppel, Hannes
Sääksvuori, Lauri
Ereignis
Veröffentlichung
(wer)
Friedrich Schiller University Jena and Max Planck Institute of Economics
(wo)
Jena
(wann)
2010

Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Artinger, Florian
  • Exadaktylos, Filippos
  • Koppel, Hannes
  • Sääksvuori, Lauri
  • Friedrich Schiller University Jena and Max Planck Institute of Economics

Entstanden

  • 2010

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