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The Smith-Walley Interpretation of Subjective Probability: An Appreciation

✍ Scribed by Carl G. Wagner

Book ID
106538952
Publisher
Springer Netherlands
Year
2007
Tongue
English
Weight
165 KB
Volume
86
Category
Article
ISSN
0039-3215

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An Improved Approach for Estimating the
An Improved Approach for Estimating the Mean and Standard Deviation of a Subjective Probability Distribution
✍ HON-SHIANG LAU; AMY HING-LING LAU; YUE ZHANG πŸ“‚ Article πŸ“… 1997 πŸ› John Wiley and Sons 🌐 English βš– 236 KB πŸ‘ 2 views

The literature oers many formulas for estimating the mean and standard deviation of a subjective probability distribution (a well-known example is the PERT formulas). This paper shows that some basic underlying assumptions behind most of these formulas are inappropriate; a more appropriate framework