Aggregation of coherent experts opinion: a tractable extreme-outcomes consistent rule
Marcello Basili () and
Alain Chateauneuf ()
Department of Economics University of Siena from Department of Economics, University of Siena
The paper defines a consensus distribution with respect to experts’ opinions by a multiple quantile utility model. The paper points out that the Steiner Point is the representative consensus probability. The new rule of experts’ opinions aggregation, that can be evaluated by the Shapley value in a simple way, is prudential and coherent.
Keywords: Ambiguity; Aggregation; Steiner Point; Multiple Priors; Quantiles (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cdm, nep-mic and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed
Downloads: (external link)
Working Paper: Aggregation of coherent experts opinion: a tractable extreme-outcomes consistent rule (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:usi:wpaper:676
Access Statistics for this paper
More papers in Department of Economics University of Siena from Department of Economics, University of Siena Contact information at EDIRC.
Bibliographic data for series maintained by Fabrizio Becatti ().