Bayesian inquiry: an approach to the use of experts
Subjective information is a valuable resource; however, decisionmakers often ignore it because of difficulties in eliciting it from assessors. This thesis is on Bayesian inquiry and it presents an approach to eliciting subjective information from assessors. Based on the concepts of cascaded inferenc...
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| Format: | Others |
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PDXScholar
1976
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| Online Access: | https://pdxscholar.library.pdx.edu/open_access_etds/597 https://pdxscholar.library.pdx.edu/cgi/viewcontent.cgi?article=1596&context=open_access_etds |
| Summary: | Subjective information is a valuable resource; however, decisionmakers often ignore it because of difficulties in eliciting it from assessors. This thesis is on Bayesian inquiry and it presents an approach to eliciting subjective information from assessors. Based on the concepts of cascaded inference and Bayesian statistics, the approach is designed to reveal to the decision-maker the way in which the assessor considers his options and the reasons he has for selecting particular alternatives. Unlike previous works on cascaded inferences, the approach here focuses on incoherency. Specifically, it employs the use of additional information to revise and check the estimates. The reassessment may be done directly or indirectly. The indirect procedure uses a second order probability or type II distribution. An algorithm utilizing this approach is also presented. The methodology is applicable to any number of assessors. Procedures for aggregating and deriving surrogate distributions are also proposed. |
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