Investor Shelf

Glossary

Kelley's true-score estimate

A formula in classical test theory that estimates true underlying traits by regressing noisy observed scores toward predicted means based on reliability.

Source: Same Person, Different Advice: Auditing LLM Financial Advice with Repeated Risk-Tolerance Responses (Academic research) · p.7

Have a question about Kelley's true-score estimate? Ask the AI, answers cite the source.