A method to elicit beliefs as most likely intervals

We show how to elicit the beliefs of an expert in the form of a “most likely interval”, a set of future outcomes that are deemed more likely than any other outcome. Our method, called the Most Likely Interval elicitation rule (MLI), asks the expert for an interval and pays according to how well the...

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Bibliographic Details
Main Authors: Karl H. Schlag, Joël J. van der Weele
Format: Article
Language:English
Published: Cambridge University Press 2015-09-01
Series:Judgment and Decision Making
Subjects:
Online Access:https://www.cambridge.org/core/product/identifier/S1930297500005593/type/journal_article