ecap: Excess Certainty Adjusted Probability Estimate

Implements the Excess Certainty Adjusted Probability adjustment procedure as described in the paper "Irrational Exuberance: Correcting Bias in Probability Estimates" by Gareth James, Peter Radchenko, and Bradley Rava (Journal of the American Statistical Association, 2020; <doi:10.1080/01621459.2020.1787175>). The package includes a function that preforms the ECAP adjustment and a function that estimates the parameters needed for implementing ECAP. For testing and reproducibility, the ESPN and FiveThirtyEight data used in the paper are also included.

Package details

AuthorBradley Rava, Peter Radchenko, and Gareth M. James
MaintainerBradley Rava <>
URL <>
Package repositoryView on CRAN
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ecap documentation built on July 23, 2020, 9:07 a.m.