Testing theories with learnable and predictive representations
We study the problem of testing an expert whose theory has a learnable and predictive parametric representation, as do standard processes used in statistics. We design a test in which the expert is required to submit a date T by which he will have learned enough to deliver a sharp, testable prediction about future frequencies. We show that this test passes an expert who knows the data-generating process and cannot be manipulated by a uninformed one. Such a test is not possible if the theory is unrestricted.
Year of publication: |
2010
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Authors: | Al-Najjar, Nabil I. ; Sandroni, Alvaro ; Smorodinsky, Rann ; Weinstein, Jonathan |
Published in: |
Journal of Economic Theory. - Elsevier, ISSN 0022-0531. - Vol. 145.2010, 6, p. 2203-2217
|
Publisher: |
Elsevier |
Subject: | Learning Expert testing |
Saved in:
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