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https://hdl.handle.net/10419/31221
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DC Field | Value | Language |
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dc.contributor.author | Dekel, Eddie | en |
dc.contributor.author | Feinberg, Yossi | en |
dc.date.accessioned | 2010-05-14T10:18:58Z | - |
dc.date.available | 2010-05-14T10:18:58Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/31221 | - |
dc.description.abstract | We suggest a test for discovering whether a potential expert is informed of the distribution of a stochastic process. In a non-Bayesian non-parametric setting, the expert is asked to make a prediction which is tested against a single realization of the stochastic process. It is shown that by asking the expert to predict a small set of sequences, the test will assure that any informed expert can pass the test with probability one with respect to the actual distribution. Moreover, for the uninformed non-expert it is impossible to pass this test, in the sense that or any choice of a small set of sequences, only a small set of measures will assign a positive probability to the given set. Hence for most measures, the non-expert will surely fail the test. We define small as category 1 sets, described in more detail in the paper. | en |
dc.language.iso | eng | en |
dc.publisher | |aNorthwestern University, Kellogg School of Management, Center for Mathematical Studies in Economics and Management Science |cEvanston, IL | en |
dc.relation.ispartofseries | |aDiscussion Paper |x1385 | en |
dc.subject.jel | D83 | en |
dc.subject.jel | C14 | en |
dc.subject.jel | C50 | en |
dc.subject.ddc | 330 | en |
dc.subject.stw | Asymmetrische Information | en |
dc.subject.stw | Informationsverhalten | en |
dc.subject.stw | Sachverständige | en |
dc.subject.stw | Informationsökonomik | en |
dc.title | A true expert knows which question should be asked. | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 586097686 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:nwu:cmsems:1385 | en |
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