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- Subjective Probability Distribution Elicitation in Cost Risk Analysis
Subjective Probability Distribution Elicitation in Cost Risk Analysis
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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.
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