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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