Subjective Probability and its Measurement
Subjective probability is defined and its place in decision analysis, with special reference to business problems, is identified. The literature on its measurement is critically analysed both for the single decision-maker and group. The use of direct fractile assessment and the Delphi Technique are...
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Institutional Knowledge at Singapore Management University
1973
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sg-smu-ink.lkcsb_research-49342016-04-02T07:50:48Z Subjective Probability and its Measurement Hampton, J. M. Moore, P. G. THOMAS, Howard Subjective probability is defined and its place in decision analysis, with special reference to business problems, is identified. The literature on its measurement is critically analysed both for the single decision-maker and group. The use of direct fractile assessment and the Delphi Technique are felt to be some of the more tenable of the methods reviewed. An account of some of the behavioural aspects of decision-making with a résumé of the "risky" shift theories is included and their implications are discussed. Some practical guidelines and suggestions for further research are indicated. 1973-01-01T08:00:00Z text https://ink.library.smu.edu.sg/lkcsb_research/3935 info:doi/10.2307/2344419 https://www.jstor.org/stable/2344419 Research Collection Lee Kong Chian School Of Business eng Institutional Knowledge at Singapore Management University Business Management Sciences and Quantitative Methods |
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Singapore Management University |
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SMU Libraries |
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Asia |
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Singapore Singapore |
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SMU Libraries |
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InK@SMU |
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English |
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Business Management Sciences and Quantitative Methods |
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Business Management Sciences and Quantitative Methods Hampton, J. M. Moore, P. G. THOMAS, Howard Subjective Probability and its Measurement |
| description |
Subjective probability is defined and its place in decision analysis, with special reference to business problems, is identified. The literature on its measurement is critically analysed both for the single decision-maker and group. The use of direct fractile assessment and the Delphi Technique are felt to be some of the more tenable of the methods reviewed. An account of some of the behavioural aspects of decision-making with a résumé of the "risky" shift theories is included and their implications are discussed. Some practical guidelines and suggestions for further research are indicated. |
| format |
text |
| author |
Hampton, J. M. Moore, P. G. THOMAS, Howard |
| author_facet |
Hampton, J. M. Moore, P. G. THOMAS, Howard |
| author_sort |
Hampton, J. M. |
| title |
Subjective Probability and its Measurement |
| title_short |
Subjective Probability and its Measurement |
| title_full |
Subjective Probability and its Measurement |
| title_fullStr |
Subjective Probability and its Measurement |
| title_full_unstemmed |
Subjective Probability and its Measurement |
| title_sort |
subjective probability and its measurement |
| publisher |
Institutional Knowledge at Singapore Management University |
| publishDate |
1973 |
| url |
https://ink.library.smu.edu.sg/lkcsb_research/3935 https://www.jstor.org/stable/2344419 |
| _version_ |
1770571980348588032 |