CORDIS Project
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This project focuses on enhancing the reliability of subjective data in economics using Bayesian Truth Serum (BTS). By adapting BTS for conjoint analysis, it aims to improve the accuracy of user preference assessments, thereby aiding decision-making in innovation across various sectors.
Many areas of economics use subjective data.
In use of subjective data the crucial question is how much confidence one can have in truthfulness of respondents' answers.
Resolving this problem would improve reliability of current uses of subjective data and also open up new possibilities of use.
One solution to this problem is presented by Bayesian Truth serum (BTS). BTS is a game-theoretic scoring system that takes as inputs respondents’ answers to questions, as well as their probabilistic predi…
EKONOMSKI INSTITUT ZAGREB
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