Applications of the bias-variance decomposition to human forecasting

DOI10.1016/J.JMP.2020.102417zbMATH Open1455.91196OpenAlexW3036630085MaRDI QIDQ826896FDOQ826896

Authors: Patrick Bodilly Kane, Stephen B. Broomell 

Publication date: 6 January 2021

Published in: Journal of Mathematical Psychology (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmp.2020.102417

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zbMATH Keywords

forecastingbias-variance decompositionjudgmentstatistical modelslens model

Mathematics Subject Classification ID

Applications of statistics to psychology (62P15) Memory and learning in psychology (91E40)

Cites Work

• Categorization with limited resources: A family of simple heuristics
• Naïve heuristics for paired comparisons: some results on their relative accuracy
• Why are experts correlated? Decomposing correlations between judges
• Forecast aggregation via recalibration

Cited In (2)

• On the bias of Croston's forecasting method
• Analytical debiasing of corporate cash flow forecasts

Uses Software

• ElemStatLearn

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