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The Continuous Ranked Probability Score in Practice

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Decision Making and Change in Human Affairs

Part of the book series: Theory and Decision Library ((TDLU,volume 16))

Abstract

A scoring rule is a measure of the goodness of a probability distribution for an uncertain quantity after the uncertainty has been resolved. If a subject assigns a distribution G to an uncertain quantity X and subsequently x is the revealed value of X then we can write the score as S(x; G). Scoring rules have traditionally been defined only for situations where the distribution G is described by the probabilities for a set of mutually exclusive and totally exhaustive events.

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Ā© 1977 D. Reidel Publishing Company, Dordrecht-Holland

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Staƫl von Holstein, CA.S. (1977). The Continuous Ranked Probability Score in Practice. In: Jungermann, H., De Zeeuw, G. (eds) Decision Making and Change in Human Affairs. Theory and Decision Library, vol 16. Springer, Dordrecht. https://doi.org/10.1007/978-94-010-1276-8_18

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  • DOI: https://doi.org/10.1007/978-94-010-1276-8_18

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-010-1278-2

  • Online ISBN: 978-94-010-1276-8

  • eBook Packages: Springer Book Archive

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