An Easier Way to Calibrate
| Title: | An Easier Way to Calibrate |
| Author: |
Fudenberg, Drew; Levine, David
Note: Order does not necessarily reflect citation order of authors. |
| Citation: | Fudenberg, Drew, and David K. Levine. 1999. An easier way to calibrate. Games and Economic Behavior 29(1-2): 131-137. |
| Full Text & Related Files: |
fudenberg_calibrate.pdf (47.1Kb; PDF) 
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| Abstract: | Forecasts are said to be calibrated if the frequency predictions are approximately correct. This is a refinement of an idea first introduced by David Blackwell in 1955. We show that “K-initialized myopic strategies” are approximately calibrated when K is large. These strategies first “initialize” by making each forecast exactly K times, and thereafter play, in each period t, the minmax strategy in a static game. |
| Published Version: | http://dx.doi.org/10.1006/game.1999.0726 |
| Terms of Use: | This article is made available under the terms and conditions applicable to Other Posted Material, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#LAA |
| Citable link to this page: | http://nrs.harvard.edu/urn-3:HUL.InstRepos:3203773 |
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Peer reviewed scholarly articles from the Faculty of Arts and Sciences of Harvard University
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