RT Journal Article
T1 Wine ratings: seeking a consensus among tasters via normalization, approval and aggregation
A1 Gergaud, Olivier
A1 Ginsburgh, Victor
A1 Moreno-Ternero, Juan D.
K1 Wines
K1 Ratings
K1 Global Wine Score
K1 2018 en-primeur Bordeaux wines
K1 Judgement of Paris
AB The modern era of wine journalism has provided abundant information about wines and widespread use of numerical rating systems. A tiny difference, especially at the top of the distribution of ratings, may have striking consequences on wine sales and investment returns. This article provides a general framework to obtain a consensus among tasters’ opinions (reflected as numerical wine ratings) via three subsequent stages: normalization, approval, and aggregation. It is inspired by contributions in political science, social choice, game theory, and operations research. We apply it to the Judgment of Paris as well as to rank 2018 en-primeur Bordeaux wines, rated by five international experts. (JEL Classifications: C18, L15, L66).
PB Cambridge University Press
YR 2021
FD 2021
LK https://hdl.handle.net/10433/22181
UL https://hdl.handle.net/10433/22181
LA en
NO Journal of Wine Economics, Vol 16, No. 3, 321-342.
NO FECYT -- JUSTICIA ECONOMICA Y BIENESTAR SOCIAL EN UN CONTEXTO DE RECURSO...
NO Universidad Pablo de Olavide
DS RIO
RD May 9, 2026