Subjective Probability and its Measurement

• Main Authors: Hampton, J. M., Moore, P. G., THOMAS, Howard
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 1973
• Subjects: Business; Management Sciences and Quantitative Methods
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/3935; https://www.jstor.org/stable/2344419
• Institution: Singapore Management University

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...