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	Comments on: Are You Overconfident?	</title>
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	<description>Bring your own data</description>
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		<title>
		By: Estimation: why is it inaccurate and how can it be fixed? &#124; NiNeTY-7		</title>
		<link>/calibration/#comment-235274</link>

		<dc:creator><![CDATA[Estimation: why is it inaccurate and how can it be fixed? &#124; NiNeTY-7]]></dc:creator>
		<pubDate>Fri, 24 Jul 2015 09:41:27 +0000</pubDate>
		<guid isPermaLink="false">/?p=672#comment-235274</guid>

					<description><![CDATA[[&#8230;] experiments give similar results:  218 people took the calibration quiz that asked the subjects to give 90% confidence intervals, [&#8230;]]]></description>
			<content:encoded><![CDATA[<p>[&#8230;] experiments give similar results:  218 people took the calibration quiz that asked the subjects to give 90% confidence intervals, [&#8230;]</p>
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		<title>
		By: Daniel Reeves		</title>
		<link>/calibration/#comment-185012</link>

		<dc:creator><![CDATA[Daniel Reeves]]></dc:creator>
		<pubDate>Fri, 28 Mar 2014 02:44:00 +0000</pubDate>
		<guid isPermaLink="false">/?p=672#comment-185012</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;/calibration/#comment-185011&quot;&gt;Joe&lt;/a&gt;.

It&#039;s true. Andrew Gelman made that point here in the comments as well. I guess for this version you&#039;re on your honor to not do that. You could mitigate that problem by asking the questions one at a time and not revealing how many will be coming. It&#039;s actually a really interesting question how to make the incentives exactly right. I&#039;ll leave that as an exercise for the reader!]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="/calibration/#comment-185011">Joe</a>.</p>
<p>It&#8217;s true. Andrew Gelman made that point here in the comments as well. I guess for this version you&#8217;re on your honor to not do that. You could mitigate that problem by asking the questions one at a time and not revealing how many will be coming. It&#8217;s actually a really interesting question how to make the incentives exactly right. I&#8217;ll leave that as an exercise for the reader!</p>
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		<title>
		By: Joe		</title>
		<link>/calibration/#comment-185011</link>

		<dc:creator><![CDATA[Joe]]></dc:creator>
		<pubDate>Fri, 28 Mar 2014 01:40:00 +0000</pubDate>
		<guid isPermaLink="false">/?p=672#comment-185011</guid>

					<description><![CDATA[There is a fundamental problem with these types of quiz games. I can win all the time by simply having 9 huge, absolutely safe intervals (Mozart was born between the Big Bang and today, etc.) and for a single question I give a blatantly wrong answer, like 1-2 nanometers for the Moon&#039;s diameter.]]></description>
			<content:encoded><![CDATA[<p>There is a fundamental problem with these types of quiz games. I can win all the time by simply having 9 huge, absolutely safe intervals (Mozart was born between the Big Bang and today, etc.) and for a single question I give a blatantly wrong answer, like 1-2 nanometers for the Moon&#8217;s diameter.</p>
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		<title>
		By: coxy-the1st		</title>
		<link>/calibration/#comment-174084</link>

		<dc:creator><![CDATA[coxy-the1st]]></dc:creator>
		<pubDate>Sun, 24 Mar 2013 11:25:00 +0000</pubDate>
		<guid isPermaLink="false">/?p=672#comment-174084</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;/calibration/#comment-2205&quot;&gt;Andrew Gelman&lt;/a&gt;.

sorry i am not a numbers person but have this as a homework assignment for behavioral finance what did you put for best guess? The correct answer?]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="/calibration/#comment-2205">Andrew Gelman</a>.</p>
<p>sorry i am not a numbers person but have this as a homework assignment for behavioral finance what did you put for best guess? The correct answer?</p>
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		<title>
		By: Cerebral Mastication &#187; Blog Archive &#187; I don&#8217;t even know how wrong I am!		</title>
		<link>/calibration/#comment-2680</link>

		<dc:creator><![CDATA[Cerebral Mastication &#187; Blog Archive &#187; I don&#8217;t even know how wrong I am!]]></dc:creator>
		<pubDate>Mon, 12 Apr 2010 15:21:36 +0000</pubDate>
		<guid isPermaLink="false">/?p=672#comment-2680</guid>

					<description><![CDATA[[...] a 90% confidence band around the right answer. If you haven&#8217;t seen this done, you should go take and look and then read the rest of this blog [...]]]></description>
			<content:encoded><![CDATA[<p>[&#8230;] a 90% confidence band around the right answer. If you haven&#8217;t seen this done, you should go take and look and then read the rest of this blog [&#8230;]</p>
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		<title>
		By: zbicyclist		</title>
		<link>/calibration/#comment-2632</link>

		<dc:creator><![CDATA[zbicyclist]]></dc:creator>
		<pubDate>Fri, 09 Apr 2010 14:20:34 +0000</pubDate>
		<guid isPermaLink="false">/?p=672#comment-2632</guid>

					<description><![CDATA[This is the expected result, but I thought it would apply to others, but not to me, since I knew the literature.  More proof education is not a cure ;)

I&#039;m trying to think about this in the context of the Delphi forecasting technique, which asks people for their forecast and their 90% confidence interval. One method of combining forecasts is to combine by the inverse of the expected error variance; but that&#039;s completely wrong if those with a narrow confidence interval aren&#039;t the most knowledgeable, just the most overconfident.]]></description>
			<content:encoded><![CDATA[<p>This is the expected result, but I thought it would apply to others, but not to me, since I knew the literature.  More proof education is not a cure ;)</p>
<p>I&#8217;m trying to think about this in the context of the Delphi forecasting technique, which asks people for their forecast and their 90% confidence interval. One method of combining forecasts is to combine by the inverse of the expected error variance; but that&#8217;s completely wrong if those with a narrow confidence interval aren&#8217;t the most knowledgeable, just the most overconfident.</p>
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		<title>
		By: Sharad Goel		</title>
		<link>/calibration/#comment-2223</link>

		<dc:creator><![CDATA[Sharad Goel]]></dc:creator>
		<pubDate>Mon, 15 Mar 2010 16:09:01 +0000</pubDate>
		<guid isPermaLink="false">/?p=672#comment-2223</guid>

					<description><![CDATA[Tg: Don&#039;t feel embarrassed that you didn&#039;t cheat like Andrew :). The point of the exercise is introspection, not &quot;winning&quot;. I guess this is a case in point of misaligned incentives!]]></description>
			<content:encoded><![CDATA[<p>Tg: Don&#8217;t feel embarrassed that you didn&#8217;t cheat like Andrew :). The point of the exercise is introspection, not &#8220;winning&#8221;. I guess this is a case in point of misaligned incentives!</p>
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		<title>
		By: tg		</title>
		<link>/calibration/#comment-2222</link>

		<dc:creator><![CDATA[tg]]></dc:creator>
		<pubDate>Mon, 15 Mar 2010 15:23:44 +0000</pubDate>
		<guid isPermaLink="false">/?p=672#comment-2222</guid>

					<description><![CDATA[Dr. Gelman,

As an engineer, I&#039;m embarrassed I didn&#039;t do the same. Ugh.]]></description>
			<content:encoded><![CDATA[<p>Dr. Gelman,</p>
<p>As an engineer, I&#8217;m embarrassed I didn&#8217;t do the same. Ugh.</p>
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		<title>
		By: Andrew Gelman		</title>
		<link>/calibration/#comment-2205</link>

		<dc:creator><![CDATA[Andrew Gelman]]></dc:creator>
		<pubDate>Sun, 14 Mar 2010 20:59:13 +0000</pubDate>
		<guid isPermaLink="false">/?p=672#comment-2205</guid>

					<description><![CDATA[Tg:

I cheated.  I gave nine intervals as (-infinity, +infinity) and one interval as (0,0).  After all, the request was to be _perfectly calibrated_, not merely to be calibrated in expectation!  This was the only way I could be sure of getting &quot;90% of my intervals (no more, no less)&quot; to contain the true values.]]></description>
			<content:encoded><![CDATA[<p>Tg:</p>
<p>I cheated.  I gave nine intervals as (-infinity, +infinity) and one interval as (0,0).  After all, the request was to be _perfectly calibrated_, not merely to be calibrated in expectation!  This was the only way I could be sure of getting &#8220;90% of my intervals (no more, no less)&#8221; to contain the true values.</p>
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		<title>
		By: tg		</title>
		<link>/calibration/#comment-2147</link>

		<dc:creator><![CDATA[tg]]></dc:creator>
		<pubDate>Tue, 09 Mar 2010 22:19:46 +0000</pubDate>
		<guid isPermaLink="false">/?p=672#comment-2147</guid>

					<description><![CDATA[Dr. Gelman, what was your number?]]></description>
			<content:encoded><![CDATA[<p>Dr. Gelman, what was your number?</p>
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