Accession Number : ADA019351
Title : Admissible Scoring Systems for Continuous Distributions,
Corporate Author : RAND CORP SANTA MONICA CALIF
Personal Author(s) : Brown,Thomas A.
Report Date : AUG 1974
Pagination or Media Count : 26
Abstract : The use of admissible scoring systems as a measure of probabilistic forecasts is becoming increasingly well-known in those cases where the forecast is a discrete distribution over a finite number of alternatives. The defining property of an admissible scoring system is that any individual perceives himself as maximizing his expected score by reporting his true subjective distribution.
Descriptors : *Statistical decision theory, *Scoring, *Decision making, Statistical distributions, Domains, Probability density functions
Subject Categories : Statistics and Probability
Distribution Statement : APPROVED FOR PUBLIC RELEASE