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Subjective Probability Distribution Elicitation in Cost Risk Analysis

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Subjective Probability Distribution Elicitation in Cost Risk Analysis Synopsis

One approach to expressing the uncertainty in a cost estimate is probability distribution, and cost analysts have proposed getting such information from subjective probability distributions elicited from experts. This technical report offers a selective review of the literature of probability elicitation, both in the fields of psychology and statistics and in the cost risk field, and insights from senior people in the cost risk community.

About This Edition

ISBN: 9780833040114
Publication date:
Author: Lionel A Galway
Publisher: RAND Corporation
Format: Paperback
Pagination: 21 pages
Series: Technical Report
Genres: Air forces and warfare

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