MCMP – Epistemology

Dominance and Elicitation in IP Theory


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Teddy Seidenfeld (CMU) gives a talk at the Workshop on Imprecise Probabilities in Statistics and Philosophy (27-28 June, 2014) titled "Dominance and Elicitation in IP Theory". Abstract: I review de Finettis two coherence criteria for determinate probabilities: coherence1, which is defined in terms of previsions (fair prices) for a set of random variables that are undominated by the status quo previsions immune to a sure-loss and coherence2, which defined in terms of forecasts for random variables that are undominated in Brier score by a rival set of forecasts. I review issues of elicitation associated with these two criteria that differentiate them, particularly when generalizing from eliciting determinate to eliciting imprecise probabilities.
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