|
EconStor >
Northwestern University >
Kellogg School of Management - Center for Mathematical Studies in Economics and Management Science, Northwestern University >
Discussion Papers, Kellogg School of Management, Northwestern University >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/31221
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Dekel, Eddie | | en_US |
| dc.contributor.author | | Feinberg, Yossi | | en_US |
| dc.date.accessioned | | 2010-05-14T10:18:58Z | | - |
| dc.date.available | | 2010-05-14T10:18:58Z | | - |
| dc.date.issued | | 2004 | | en_US |
| 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_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Northwestern Univ., Kellogg Graduate School of Management, Center for Mathematical Studies in Economics and Management Science Evanston | | en_US |
| dc.relation.ispartofseries | | Discussion paper // Center for Mathematical Studies in Economics and Management Science 1385 | | en_US |
| dc.subject.jel | | D83 | | en_US |
| dc.subject.jel | | C14 | | en_US |
| dc.subject.jel | | C50 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.stw | | Asymmetrische Information | | en_US |
| dc.subject.stw | | Informationsverhalten | | en_US |
| dc.subject.stw | | Sachverständige | | en_US |
| dc.subject.stw | | Informationsökonomik | | en_US |
| dc.title | | A true expert knows which question should be asked. | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 586097686 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Discussion Papers, Kellogg School of Management, Northwestern University
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|