Decision making with imprecise probabilities

F.P.A. Coolen

    Research output: Book/ReportReportAcademic

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    Abstract

    In many decision problems the only information available about a random event is expert opinion. The theory of imprecise probabilities, a generalization of standard subjective probability, allows us to deal with such information. In this paper the use of imprecise probabilities is discussed, with emphasis on elicitation and combination of opinions and decision making, and some recent results are briefly mentioned.
    Original languageEnglish
    Place of PublicationEindhoven
    PublisherTechnische Universiteit Eindhoven
    Number of pages9
    Publication statusPublished - 1993

    Publication series

    NameMemorandum COSOR
    Volume9318
    ISSN (Print)0926-4493

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