Model selection with Gini indices under auto-calibration

Mario V. Wüthrich

In general, the Gini index does not give a consistent scoring rule. Therefore, maximizing the Gini index may lead to a wrong decision. The main issue is that the Gini index is a rank-based score that is not calibration-sensitive. We show that the Gini index allows for consistent scoring if we restrict it to the class of auto-calibrated regression models.

Knowledge Graph

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