Obtaining Distributions from Groups for Decisions Under Uncertainty

Roger Cooke

Chapter 13 in Making Essential Choices with Scant Information, 2009, pp 257-276 from Palgrave Macmillan

Abstract: Abstract Decision theory provides a model for rational decision-making under uncertainty. The model involves defining the decision space of possible actions quantifying uncertainty regarding the true, but unknown, state of the world quantifying the values of possible outcomes of actions.

Keywords: Discrete Choice; Expert Judgement; Probabilistic Seismic Hazard Analysis; Reliability Engineering; Seed Variable (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23683-7_13

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DOI: 10.1057/9780230236837_13

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