A mechanism for eliciting the mean and quantiles of a random variable

Demuynck, Thomas

doi:10.1016/j.econlet.2013.07.019

A mechanism for eliciting the mean and quantiles of a random variable

Author:

Demuynck, Thomas

Keywords:

Becker–DeGroot–Marschak, Elicitation, Incentive compatible, Mean, Quantile, Social Sciences, Economics, Business & Economics, Becker-DeGroot-Marschak, 14 Economics, 38 Economics

Abstract:

We present two Becker–DeGroot–Marschak type incentive compatible elicitation mechanisms. The first can be used to elicit an agent’s belief about the mean of a random variable while the second elicits the quantiles.