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
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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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