
We review de Finetti’s two coherence criteria for determinate probabilities: coherence1defined in terms of previsions for a set of events that are undominated by the status quo – previsions immune to a sure-loss – and coherence2 defined in terms of forecasts for events undominated in Brier score by a rival forecast. We propose a criterion of IP-coherence2 based on a generalization of Brier score for IP-forecasts that uses 1-sided, lower and upper, probability forecasts. However, whereas Brier score is a strictly proper scoring rule for eliciting determinate probabilities, we show that there is no real-valuedstrictly proper IP-score. Nonetheless, with respect to either of two decision rules – Γ-maximin or (Levi’s) E-admissibility-+-Γ-maximin – we give a lexicographic strictly proper IP-scoring rule that is based on Brier score.
E-admissibility, Brier score, Applied Mathematics, Proper scoring rules, Foundations of probability theory, dominance, Decision theory, coherence, proper scoring rules, Theoretical Computer Science, FOS: Philosophy, ethics and religion, Philosophy, gamma maximin, Artificial Intelligence, Γ-Maximin, Prediction theory (aspects of stochastic processes), admissibility, Coherence, Dominance, Software
E-admissibility, Brier score, Applied Mathematics, Proper scoring rules, Foundations of probability theory, dominance, Decision theory, coherence, proper scoring rules, Theoretical Computer Science, FOS: Philosophy, ethics and religion, Philosophy, gamma maximin, Artificial Intelligence, Γ-Maximin, Prediction theory (aspects of stochastic processes), admissibility, Coherence, Dominance, Software
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