The characterisation of scoring functions

Authors
Citation
Mab. Deakin, The characterisation of scoring functions, J AUS MAT A, 71, 2001, pp. 135-147
Citations number
9
Categorie Soggetti
Mathematics
Journal title
JOURNAL OF THE AUSTRALIAN MATHEMATICAL SOCIETY SERIES A-PURE MATHEMATICS AND STATISTICS
ISSN journal
02636115 → ACNP
Volume
71
Year of publication
2001
Part
1
Pages
135 - 147
Database
ISI
SICI code
0263-6115(200108)71:<135:TCOSF>2.0.ZU;2-U
Abstract
The literature on subjective probabilities contains a number of functions t hat have been proposed as 'scoring functions'. The principal requirement is that, with several events that may occur in the future and to which subjec tive 'probabilities' are assigned, the expected score given by these 'proba bilities' will be extremised if the values assigned equal the 'true probabi lities' of the various outcomes. This article discusses the question of wha t other scoring functions might be used (beyond those so far proposed).