Each night different meteorologists give us the probability that it wil rain the next day.

To judge how well these people predict, we will score each of them as follows:

If a meteorologist says that it will rain with probability p, then he or she will receive a score of:

{1-(1-p)^2 if it does rain

(1 - p^2 if it does not rain

We will then keep track of scores over a certain time span and conclude that the meteorologist with the highest average score is the best predictor of weather.

Suppose now that a given meteorologist is aware of this and so wants to maximize his or her expected score.

If this person truly believes that it will rain tomorrow with probability q, what value of p should he or she assert so as to maximize the expected score?

a)Choice of p= (I know this is p=q). What are the other answers?

b)With this choice, what is the expected payoff in terms of q?

c) On the other hand, if the payoffs are

{1-(1-p)^2

{1-1.1p^2