Data Estimates and Subjective Probability: A Review.
Abstract
This paper addresses subjective probabilities and estimates of uncertain events in the future. The discussion is concerned with estimator's ability to provide estimates. Tversky and Kahneman have found that three heuristics describe the factors which determine an individual's estimate. The basic conclusion one can reach is that individual or group subjective estimates are still a measure of belief.
Document Details
- Document Type
- Technical Report
- Publication Date
- Aug 01, 1975
- Accession Number
- ADA015551
Entities
People
- Michael J. Dorsett
Organizations
- United States Army Aviation and Missile Command