expert signal P(0) P(1) a1 0.7 0.3 a2 0.4 0.6 a3 0.7 0.3 0 1 0 You will analyze each expert's payoffs under different scenarios. You should assume that all experts report optimally given their beliefs. Not all parts of the provided table will be required for each part of this question. You should use only the relevant parts for your answer. (a) Log Scoring Rule Give each expert's score for each outcome as well as their expected score according to the loga- rithmic scoring rule. These expected scores should be subjective, in that that they are calculated with respect to the expert's beliefs
expert signal P(0) P(1) a1 0.7 0.3 a2 0.4 0.6 a3 0.7 0.3 0 1 0 You will analyze each expert's payoffs under different scenarios. You should assume that all experts report optimally given their beliefs. Not all parts of the provided table will be required for each part of this question. You should use only the relevant parts for your answer. (a) Log Scoring Rule Give each expert's score for each outcome as well as their expected score according to the loga- rithmic scoring rule. These expected scores should be subjective, in that that they are calculated with respect to the expert's beliefs
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Transcribed Image Text:expert
signal P(0)
P(1)
a1
0.7
0.3
a2
1
0.4
0.6
a3
0.7
0.3
You will analyze each expert's payoffs under different scenarios. You should assume that all experts
report optimally given their beliefs. Not all parts of the provided table will be required for each part
of this question. You should use only the relevant parts for your answer.
(a) Log Scoring Rule
Give each expert's score for each outcome as well as their expected score according to the loga-
rithmic scoring rule. These expected scores should be subjective, in that that they are calculated
with respect to the expert's beliefs
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