Quantifying Experts’ Uncertainty About the Future Cost of Exotic Diseases

John Paul Gosling, Andy Hart, David C. Mouat, Mirzet Sabirovic, Simon Scanlan and Alick Simmons

Risk Analysis, 2012, vol. 32, issue 5, 881-893

Abstract: Since the foot‐and‐mouth disease outbreak of 2001 in the United Kingdom, there has been debate about the sharing, between government and industry, both the costs of livestock disease outbreaks and responsibility for the decisions that give rise to them. As part of a consultation into the formation of a new body to manage livestock diseases, government veterinarians and economists produced estimates of the average annual costs for a number of exotic infectious diseases. In this article, we demonstrate how the government experts were helped to quantify their uncertainties about the cost estimates using formal expert elicitation techniques. This has enabled the decisionmakers to have a greater appreciation of government experts’ uncertainty in this policy area.

Date: 2012
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https://doi.org/10.1111/j.1539-6924.2011.01704.x

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Persistent link: https://EconPapers.repec.org/RePEc:wly:riskan:v:32:y:2012:i:5:p:881-893

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