An easier way to calibrate
成果类型:
Article
署名作者:
Fudenberg, D; Levine, DK
署名单位:
Harvard University; University of California System; University of California Los Angeles
刊物名称:
GAMES AND ECONOMIC BEHAVIOR
ISSN/ISSBN:
0899-8256
DOI:
10.1006/game.1999.0726
发表日期:
1999
页码:
131-137
关键词:
摘要:
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. Journal of Economic Literature Classification Numbers: C72, C73, C63, D83. (C) 1999 Academic Press.