Committee, expert advice, and the weighted majority algorithm: an application to the pricing decision of a monopolist

DOI10.1007/S10614-009-9194-2zbMATH Open1204.91055OpenAlexW2066116512MaRDI QIDQ2268987FDOQ2268987

Authors: Yann Braouezec 

Publication date: 15 March 2010

Published in: Computational Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10614-009-9194-2

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zbMATH Keywords

learningdiversitysample meanexpertsweighted majority algorithmSurowiecki

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Microeconomic theory (price theory and economic markets) (91B24) Special types of economic markets (including Cournot, Bertrand) (91B54)

Cites Work

• The elements of statistical learning. Data mining, inference, and prediction
• Prediction, Learning, and Games
• A model of expertise
• Learning Automata - A Survey
• How to use expert advice
• Rational Expectations Equilibria, Learning, and Model Specification
• Changing One's Mind when the Facts Change: Incentives of Experts and the Design of Reporting Protocols
• Professional advice
• Decision Analysis Expert Use
• Combining Expert Judgments: A Bayesian Approach
• Learning in mis-specified models and the possibility of cycles
• Title not available (Why is that?)

Uses Software

• ElemStatLearn

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