Uncertain Judgements: Eliciting Experts' Probabilities (Hardcover) (ISBN-13: 9780470029992)

Elicitation is the process of extracting expert knowledge about some unknown quantity or quantities, and formulating that information as a probability distribution. Elicitation is important in situations, such as modelling the safety of nuclear installations or assessing the risk of terrorist attacks, where expert knowledge is essentially the only source of good information. It also plays a major role in other contexts by augmenting scarce observational data, through the use of Bayesian statistical methods. However, elicitation is not a simple task, and practitioners need to be aware of a wide range of research findings in order to elicit expert judgements accurately and reliably. Uncertain Judgements introduces the area, before guiding the reader through the study of appropriate elicitation methods, illustrated by a variety of multi-disciplinary examples.

This is achieved by:

• Presenting a methodological framework for the elicitation of expert knowledge incorporating findings from both statistical and psychological research.
• Detailing techniques for the elicitation of a wide range of standard distributions, appropriate to the most common types of quantities.
• Providing a comprehensive review of the available literature and pointing to the best practice methods and future research needs.
• Using examples from many disciplines, including statistics, psychology, engineering and health sciences.
• Including an extensive glossary of statistical and psychological terms.

An ideal source and guide for statisticians and psychologists with interests in expert judgement or practical applications of Bayesian analysis, Uncertain Judgements will also benefit decision-makers, risk analysts, engineers and researchers in the medical and social sciences.

Author: Anthony O'Hagan, Caitlin E. Buck, Alireza Daneshkhah
ISBN-10: 0470029994
ISBN-13: 9780470029992
Publisher: Wiley
Language: English
Published: 10/01/2006
Pages: 340
Format: Hardcover
Weight: 1.34lbs
Size: 9.04h x 6.26w x 0.93d

Review Citation(s):
Scitech Book News 12/01/2006 pg. 33