2 papers
econ.EM2024
Eliciting ambiguity with mixing bets
Patrick Schmidt
Preferences for mixing can reveal ambiguity perception and attitude on a single event. The validity of the approach is discussed for multiple preference classes including maxmin, m…
econ.EM2024
Testing Forecast Rationality for Measures of Central Tendency
Timo Dimitriadis, Andrew J. Patton, Patrick W. Schmidt
Rational respondents to economic surveys may report as a point forecast any measure of the central tendency of their (possibly latent) predictive distribution, for example the mean…