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Article: Studies from Mississippi State University provide new data on life sciences.
- Article from:
- Life Science Weekly
- Article date:
- April 7, 2009
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According to a study from the United States, "Managing uncertainty is an unavoidable challenge in a variety of decision contexts. On many occasions, objective data are not available, necessitating the use of experts."
"However, research into procedures to elicit and aggregate information from experts is difficult to validate or test empirically. A controlled economic experiment was used to assess subjective probability elicitation accuracy resulting from three alternative elicitation procedures and two aggregation alternatives. The empirical results provide evidence of the impacts of elicitation techniques, distribution type, and personal characteristics such as ...