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Calibration of Subjective Probability Judgments in a Naturalistic Setting

✍ Scribed by Johnnie E.V. Johnson; Alistair C. Bruce

Book ID
112262557
Publisher
Elsevier Science
Year
2001
Tongue
English
Weight
123 KB
Volume
85
Category
Article
ISSN
0749-5978

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A simple model is proposed of the statistical structure underlying the calibration of auditors' subjective probability distributions for account balances, and potentially for other unknown quantities. The model relates calibration curve shape to two parameters which represent over-or underconfidence