AN APPLICATION OF SELTENS MEASURE OF PREDICTIVE SUCCESS

Authors
HEY JD
Citation
Jd. Hey, AN APPLICATION OF SELTENS MEASURE OF PREDICTIVE SUCCESS, Mathematical social sciences, 35(1), 1998, pp. 1-15
Citations number
9
Categorie Soggetti
Social Sciences, Mathematical Methods","Mathematics, Miscellaneous","Mathematics, Miscellaneous
Journal title
Mathematical social sciences → ACNP
ISSN journal
01654896
Volume
35
Issue
1
Year of publication
1998
Pages
1 - 15
Database
ISI
SICI code
0165-4896(1998)35:1<1:AAOSMO>2.0.ZU;2-2
Abstract
This paper applies Selten's measure of predictive success to the probl em of comparing and ranking various theories of decision making under risk. Two experiments were carried out for this application: one a Pai rwise Choice experiment involving 15 such choices and the other a Comp lete Ranking experiment involving 11 risky choices. The results show t hat there are difficulties of both a practical and a philosophical nat ure in applying Selten's measure. (C) 1998 Elsevier Science B.V.