2014
DOI: 10.1093/gji/ggu137
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A parimutuel gambling perspective to compare probabilistic seismicity forecasts

Abstract: S U M M A R YUsing analogies to gaming, we consider the problem of comparing multiple probabilistic seismicity forecasts. To measure relative model performance, we suggest a parimutuel gambling perspective which addresses shortcomings of other methods such as likelihood ratio, information gain and Molchan diagrams. We describe two variants of the parimutuel approach for a set of forecasts: head-to-head, in which forecasts are compared in pairs, and round table, in which all forecasts are compared simultaneousl… Show more

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Cited by 19 publications
(21 citation statements)
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“…We finally applied two scoring methods to the N-and S-tests, the pari-mutuel gambling score, and the Loglikelihood score [Scherbaum et al, 2009;Zechar and Zhuang, 2014] to finally obtain a weight for each ERF.…”
Section: The Final Erfs Their Weighing and The Ensemble Modelingmentioning
confidence: 99%
“…We finally applied two scoring methods to the N-and S-tests, the pari-mutuel gambling score, and the Loglikelihood score [Scherbaum et al, 2009;Zechar and Zhuang, 2014] to finally obtain a weight for each ERF.…”
Section: The Final Erfs Their Weighing and The Ensemble Modelingmentioning
confidence: 99%
“…The choice of these GMPEs and their relative weights comes from the selection and ranking of the GMPEs for the new Italian hazard map (Lanzano et al, ). In this work, the authors applied the method based on the log‐likelihood value (Scherbaum et al, ) and two novel methods commonly used for general probabilistic forecasts (Gneiting & Raftery, ; Zechar & Zhuang, ). The data set used to select and rank the GMPEs includes more than 4,000 waveforms recorded by more than 1,000 strong motion stations relative to 137 events, among which the events of the 2016 seismic sequence.…”
Section: Seismic Hazard Analysesmentioning
confidence: 99%
“…Journal of Geophysical Research: Solid Earth Zechar and Zhuang (2014) that use the probability of each prediction per bin. In this test, each model is relatively compared and the test has the advantage that it limits the value of one bin (between À1 and 1), whereas the R-test and T-test can have an unbounded value for one bin.…”
Section: 1029/2017jb015108mentioning
confidence: 99%