An Easier Way to Calibrate
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.
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Volume (Year): 29 (1999)
Issue (Month): 1-2 (October)
Pages: 131-137
| Handle: | RePEc:eee:gamebe:v:29:y:1999:i:1-2:p:131-137 |
| Contact details of provider: | Web page: http://www.elsevier.com/locate/inca/622836
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Foster, Dean P., 1999.
"A Proof of Calibration via Blackwell's Approachability Theorem,"
Games and Economic Behavior,
Elsevier, vol. 29(1-2), pages 73-78, October.
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- Fudenberg, Drew & Levine, David K., 1999. "Conditional Universal Consistency," Games and Economic Behavior, Elsevier, vol. 29(1-2), pages 104-130, October.
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- Sergiu Hart & Andreu Mas-Colell, 2000. "A Simple Adaptive Procedure Leading to Correlated Equilibrium," Econometrica, Econometric Society, vol. 68(5), pages 1127-1150, September.
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- S. Hart & A. Mas-Collel, 2010. "A Simple Adaptive Procedure Leading to Correlated Equilibrium," Levine's Working Paper Archive 572, David K. Levine.
- Sergiu Hart & Andreu Mas-Colell, 1997. "A Simple Adaptive Procedure Leading to Correlated Equilibrium," Game Theory and Information 9703006, EconWPA, revised 24 Mar 1997.
- Kalai, Ehud & Lehrer, Ehud & Smorodinsky, Rann, 1999. "Calibrated Forecasting and Merging," Games and Economic Behavior, Elsevier, vol. 29(1-2), pages 151-169, October.
- Ehud Kalai, 1995. "Calibrated Forecasting and Merging," Discussion Papers 1144, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Ehud Kalai & Ehud Lehrer & Rann Smorodinsky, 2010. "Calibrated Forecasting and Merging," Levine's Working Paper Archive 584, David K. Levine.
- Ehud Kalai, 1995. "Calibrated Forecasting and Merging," Discussion Papers 1144R, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- D. Blackwell, 2010. "Controlled Random Walks," Levine's Working Paper Archive 465, David K. Levine. Full references (including those not matched with items on IDEAS)
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