Working Paper N. 676 June 2013
Marcello Basili
DEPS, University of Siena
Alain Chateauneuf
PSE-CES, University of Paris-I
Abstract
The paper defines a consensus distribution with respect to experts’ opinions by a multiple quantile utility model. The paper points out that the Steiner Point is the representative consensus probability. The new rule of experts’ opinions aggregation, that can be evaluated by the Shapley value in a simple way, is prudential and coherent
Keywords
Ambiguity, Aggregation, Steiner Point, Multiple Priors, Quantiles
