The weight of competence under a realistic loss function

In many scientific, economic and policy-related problems, pieces of information from different sources have to be aggregated. Typically, the sources are not equally competent. This raises the question of how the relative weights and competences should be related to arrive at an optimal final verdict. Our paper addresses this question under a more realistic perspective of measuring the practical loss implied by an inaccurate verdict.

• Type: Journal
• Year: 2010
• Where: IGPL
• Authors: Stephan Hartmann, Jan Sprenger
• Keywords: IGPL 2010, Inaccurate Verdict, Optimal final Verdict, Policy-related Problems