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 |
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Author | Bradley Rava, Peter Radchenko, and Gareth M. James |
Maintainer | Bradley Rava <brava@marshall.usc.edu> |
License | GPL-3 |
Version | 0.1.2 |
URL | <http://faculty.marshall.usc.edu/gareth-james/Research/Probs.pdf> |
Package repository | View on CRAN |
Installation |
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