Costly Miscalibration ∗

@inproceedings{Guo2018CostlyM,
  title={Costly Miscalibration ∗},
  author={Y. Guo and Eran Shmaya},
  year={2018}
}
We consider an online platform which provides probabilistic forecasts using some algorithm. We introduce a concept of miscalibration which measures the discrepancy between the forecast and the truth. We apply this concept to sender-receiver games in which miscalibration is costly for the sender (the platform). We show that, when the sender’s miscalibration cost is sufficiently high, he can achieve his commitment solution in an equilibrium. Moreover, under some assumption about the… CONTINUE READING

From This Paper

Topics from this paper.

Citations

Publications citing this paper.
Showing 1-2 of 2 extracted citations

References

Publications referenced by this paper.
Showing 1-10 of 34 references

Abraham Wald's complete class theorem and Knightian uncertainty

Games and Economic Behavior • 2017
View 3 Excerpts
Highly Influenced

“ Preferences for truth - telling . ” Working paper

Johannes Abeler, Daniele Nosenzo, Collin Raymond
2017

Calibration and Expert Testing.

Olszewski, Wojciech
Verification.” Monthly Weather Review, • 2015

Representative evidence on

Abeler, Johannes, Anke Becker, Armin Falk
2014

“ Representative evidence on lying costs

Johannes Abeler, Anke Becker, Armin Falk
2014

Similar Papers

Loading similar papers…