A penny for your thoughts: a survey of methods for eliciting beliefs

Verfasser / Beitragende:
[Karl Schlag, James Tremewan, Joël van der Weele]
Ort, Verlag, Jahr:
2015
Enthalten in:
Experimental Economics, 18/3(2015-09-01), 457-490
Format:
Artikel (online)
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024 7 0 |a 10.1007/s10683-014-9416-x  |2 doi 
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245 0 2 |a A penny for your thoughts: a survey of methods for eliciting beliefs  |h [Elektronische Daten]  |c [Karl Schlag, James Tremewan, Joël van der Weele] 
520 3 |a Incentivized methods for eliciting subjective probabilities in economic experiments present the subject with risky choices that encourage truthful reporting. We discuss the most prominent elicitation methods and their underlying assumptions, provide theoretical comparisons and give a new justification for the quadratic scoring rule. On the empirical side, we survey the performance of these elicitation methods in actual experiments, considering also practical issues of implementation such as order effects, hedging, and different ways of presenting probabilities and payment schemes to experimental subjects. We end with a discussion of the trade-offs involved in using incentives for belief elicitation and some guidelines for implementation. 
540 |a Economic Science Association, 2014 
690 7 |a Belief elicitation  |2 nationallicence 
690 7 |a Subjective beliefs  |2 nationallicence 
690 7 |a Scoring rules  |2 nationallicence 
690 7 |a Experimental design  |2 nationallicence 
700 1 |a Schlag  |D Karl  |u University of Vienna, Vienna, Austria  |4 aut 
700 1 |a Tremewan  |D James  |u University of Vienna, Vienna, Austria  |4 aut 
700 1 |a van der Weele  |D Joël  |u Department of Economics, Center for Experimental Economics and political Decision making (CREED), University of Amsterdam, Roeterstraat 11, 1018WB, Amsterdam, The Netherlands  |4 aut 
773 0 |t Experimental Economics  |d Springer US; http://www.springer-ny.com  |g 18/3(2015-09-01), 457-490  |x 1386-4157  |q 18:3<457  |1 2015  |2 18  |o 10683 
856 4 0 |u https://doi.org/10.1007/s10683-014-9416-x  |q text/html  |z Onlinezugriff via DOI 
898 |a BK010053  |b XK010053  |c XK010000 
900 7 |a Metadata rights reserved  |b Springer special CC-BY-NC licence  |2 nationallicence 
908 |D 1  |a research-article  |2 jats 
949 |B NATIONALLICENCE  |F NATIONALLICENCE  |b NL-springer 
950 |B NATIONALLICENCE  |P 856  |E 40  |u https://doi.org/10.1007/s10683-014-9416-x  |q text/html  |z Onlinezugriff via DOI 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Schlag  |D Karl  |u University of Vienna, Vienna, Austria  |4 aut 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Tremewan  |D James  |u University of Vienna, Vienna, Austria  |4 aut 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a van der Weele  |D Joël  |u Department of Economics, Center for Experimental Economics and political Decision making (CREED), University of Amsterdam, Roeterstraat 11, 1018WB, Amsterdam, The Netherlands  |4 aut 
950 |B NATIONALLICENCE  |P 773  |E 0-  |t Experimental Economics  |d Springer US; http://www.springer-ny.com  |g 18/3(2015-09-01), 457-490  |x 1386-4157  |q 18:3<457  |1 2015  |2 18  |o 10683