Measuring uncertainty
The decision analysis approach to problem solving is widely documented. A range of articles and books have considered ways for analysing problems under uncertainty and also methods for formalising an individual's attitude towards risk in terms of cardinal utility measures. In order to carry out...
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Institutional Knowledge at Singapore Management University
1975
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sg-smu-ink.lkcsb_research-49592014-08-01T01:36:20Z Measuring uncertainty Moore, P. G. Thomas, Howard The decision analysis approach to problem solving is widely documented. A range of articles and books have considered ways for analysing problems under uncertainty and also methods for formalising an individual's attitude towards risk in terms of cardinal utility measures. In order to carry out such analyses the uncertainty in any problem has to be explicitly quantified in probabilistic terms. The present article reviews procedures for assessing probabilities and proposes practical guidelines indicating those methods which, in the authors' opinion, are most fruitful for executives to use. 1975-01-01T08:00:00Z text https://ink.library.smu.edu.sg/lkcsb_research/3960 info:doi/10.1016/0305-0483(75)90069-9 Research Collection Lee Kong Chian School Of Business eng Institutional Knowledge at Singapore Management University Business |
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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 |
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Business Moore, P. G. Thomas, Howard Measuring uncertainty |
| description |
The decision analysis approach to problem solving is widely documented. A range of articles and books have considered ways for analysing problems under uncertainty and also methods for formalising an individual's attitude towards risk in terms of cardinal utility measures. In order to carry out such analyses the uncertainty in any problem has to be explicitly quantified in probabilistic terms. The present article reviews procedures for assessing probabilities and proposes practical guidelines indicating those methods which, in the authors' opinion, are most fruitful for executives to use. |
| format |
text |
| author |
Moore, P. G. Thomas, Howard |
| author_facet |
Moore, P. G. Thomas, Howard |
| author_sort |
Moore, P. G. |
| title |
Measuring uncertainty |
| title_short |
Measuring uncertainty |
| title_full |
Measuring uncertainty |
| title_fullStr |
Measuring uncertainty |
| title_full_unstemmed |
Measuring uncertainty |
| title_sort |
measuring uncertainty |
| publisher |
Institutional Knowledge at Singapore Management University |
| publishDate |
1975 |
| url |
https://ink.library.smu.edu.sg/lkcsb_research/3960 |
| _version_ |
1770571985989926912 |