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You are here: Home Seminars 24.05. BGSE Micro Workshop: Rahul Deb

24.05. BGSE Micro Workshop: Rahul Deb

Micro Theory Seminar with Rahul Deb (University of Toronto)

Event details
What
  • BGSE Workshop
When May 24, 2017
from 12:00 to 13:00
Where Room 0.017
Contact Name Stephan Lauermann
Contact Email
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Topic

Evaluating Strategic Forecasters 

 

Abstract

Motivated by the question of how one should evaluate professional election forecasters, we study a novel dynamic mechanism design problem without transfers. A principal who wishes to hire only high quality forecasters is faced with an agent of unknown quality. The agent privately observes signals about a publicly observable future event, and may strategically misrepresent information to inflate the principal’s perception of his quality. We show that the optimal deterministic mechanism is simple and easy to implement in practice: it evaluates a single, optimally timed prediction. We study the generality of this result and its robustness to randomization and noncommitment.

 

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