• Published 2009

Probability Elicitation for Agents with Arbitrary Risk Preferences ∗

@inproceedings{Lambert2009ProbabilityEF,
  title={Probability Elicitation for Agents with Arbitrary Risk Preferences ∗},
  author={Nicolas S. Lambert},
  year={2009}
}
A principal asks an agent for his probability assessment of a random event, and wants to induce the agent to respond truthfully. The agent is probabilistically sophisticated with Anscombe-Aumann preferences. The principal does not know the agent’s exact preference. She only knows it belongs do some general class. I consider two such classes. One class represents individuals who strictly prefer larger monetary payoffs. The other class represents individuals who, in addition, are averse to risk… CONTINUE READING

References

Publications referenced by this paper.