Meta-Inductive Probability Aggregation

Theory and Decision 95 (4):663-689 (2023)
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Abstract

There is a plurality of formal constraints for aggregating probabilities of a group of individuals. Different constraints characterise different families of aggregation rules. In this paper, we focus on the families of linear and geometric opinion pooling rules which consist in linear, respectively, geometric weighted averaging of the individuals’ probabilities. For these families, it is debated which weights exactly are to be chosen. By applying the results of the theory of meta-induction, we want to provide a general rationale, namely, optimality, for choosing the weights in a success-based way by scoring rules. A major argument put forward against weighting by scoring is that these weights heavily depend on the chosen scoring rule. However, as we will show, the main condition for the optimality of meta-inductive weights is so general that it holds under most standard scoring rules, more precisely under all scoring rules that are based on a convex loss function. Therefore, whereas the exact choice of a scoring rule for weighted probability aggregation might depend on the respective purpose of such an aggregation, the epistemic rationale behind such a choice is generally valid.

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Author Profiles

Gerhard Schurz
Heinrich Heine University Düsseldorf

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References found in this work

Knowledge in a social world.Alvin I. Goldman - 1991 - New York: Oxford University Press.
Reflection and disagreement.Adam Elga - 2007 - Noûs 41 (3):478–502.
The Foundations of Statistics.Leonard J. Savage - 1954 - Synthese 11 (1):86-89.

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