Aggregation of coherent experts opinion: a tractable extreme-outcomes consistent rule

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.

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Year of publication:	2014-08-29
Authors:	Basili, Marcello ; Chateauneuf, Alain
Institutions:	Institut de Préparation à l'Administration et à la Gestion (IPAG)
Subject:	Ambiguity \| Aggregation \| Steiner Point \| Multiple Priors \| Quantiles

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2014-541 9 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010891093