Eliciting Human Judgment for Prediction Algorithms

• 成果类型: Article
• 署名作者: Ibrahim, Rouba; Kim, Song-Hee; Tong, Jordan
• 署名单位: University of London; University College London; University of Southern California; University of Wisconsin System; University of Wisconsin Madison
• 刊物名称: MANAGEMENT SCIENCE
• ISSN/ISSBN: 0025-1909
• DOI: 10.1287/mnsc.2020.3856
• 发表日期: 2021
• 页码: 2314-2325
• 关键词: Laboratory experiments; behavioral operations; random error; elicitation; forecasting; prediction; DISCRETION; expert input; private information; JUDGMENT; aggregation

摘要

Even when human point forecasts are less accurate than data-based algorithm predictions, they can still help boost performance by being used as algorithm inputs. Assuming one uses human judgment indirectly in this manner, we propose changing the elicitation question from the traditional direct forecast (DF) to what we call the private information adjustment (PIA): how much the human thinks the algorithm should adjust its forecast to account for information the human has that is unused by the algorithm. Using stylized models with and without random error, we theoretically prove that human random error makes eliciting the PIA lead to more accurate predictions than eliciting the DF. However, this DF-PIA gap does not exist for perfectly consistent forecasters. The DFPIA gap is increasing in the random error that people make while incorporating public information (data that the algorithm uses) but is decreasing in the random error that people make while incorporating private information (data that only the human can use). In controlled experiments with students and Amazon Mechanical Turk workers, we find support for these hypotheses.