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Simple Belief Elicitation

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Abstract

We present methods of belief elicitation which are applicable for any non-trivial utility function. Unlike existing techniques that account for deviations from risk-neutrality, these methods are highly transparent to subjects. Rather than identifying beliefs exactly we identify bounds on beliefs, thus trading off precision for generality and simplicity.

Suggested Citation

  • Karl Schlag & James Tremevan, 2012. "Simple Belief Elicitation," Vienna Economics Papers vie1204, University of Vienna, Department of Economics.
    • Handle: RePEc:vie:viennp:vie1204
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    File URL: https://papersecon.univie.ac.at/RePEc/vie/viennp/vie1204.pdf
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    More about this item

    JEL classification:

    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access

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