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