Coble, Keith; Yang, Zhijun; Hudson, M. Darren - In: Applied Economics 43 (2011) 14, pp. 1729-1736
Managing uncertainty is an unavoidable challenge in a variety of decision contexts. If empirical data are available, statistics can be used to assist decision-making. If objective data are absent, experts are commonly used as a source of subjective probability estimates about the variable of...