SFB 303 Discussion Paper No. B - 390

Author: Selten, Reinhard
Title: Axiomatic Characterization of the Quadratic Scoring Rule
Abstract: In the evaluation of experiments often the problem arises how to compare the predictive success of competing probabilistic theories. The quadratic soring rule can be used for this purpose. Originally this rule has been proposed as an incentive compatible elicitation method for probabilistic expert judgements. It is shown that up to a positive linear transformation, the quadratic scoring rule is characterized by five desirable properties.
Keywords: Scoring Rules, Descriptive Statistics
JEL-Classification-Number: C4
Creation-Date: October 1996
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