Standardizing Expert Wine Scores: An Application for Bordeaux en primeur

Standardizing Expert Wine Scores: An Application for Bordeaux en primeur

In this paper we provide a simple and transparent non parametric methodology to express the scores of each wine expert on the same rating scale. We discuss the advantage of this methodology over a linear transformation. The non-paramatric method ensures the comparability of scores among experts and...

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Veröffentlicht in:Journal of wine economics 2015-12, Vol.10 (3), p.329-348
Hauptverfasser: Cardebat, Jean-Marie, Paroissien, Emmanuel
Format: Artikel
Sprache:eng
Schlagworte:
Quantitative Finance
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Zusammenfassung:In this paper we provide a simple and transparent non parametric methodology to express the scores of each wine expert on the same rating scale. We discuss the advantage of this methodology over a linear transformation. The non-paramatric method ensures the comparability of scores among experts and allows for a relevant average calculation of available wine scores. (JEL Classifications: Q13, L15, C14).
ISSN:1931-4361
1931-437X
DOI:10.1017/jwe.2015.32