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Please use this identifier to cite or link to this item: http://purl.umn.edu/12253

Title: The Elicitation of Subjective Probabilities with Applications in Agricultural Economics
Authors: Norris, Patricia E.
Kramer, Randall A.
Issue Date: 1990-12
Abstract: Probability judgements are important components of decision making under uncertainty. In particular, economic decisions can be aided by assuring more accurate assessment of probabilities and more realistic modelling of economic problems through the inclusion of subjective probabilities. The purpose of this paper is to describe the techniques which can be used to elicit subjective probabilities and the ways in which these techniques can be incorporated into agricultural economics research. The review draws from the statistics, psychology, management, operations research, meteorology and economics literature.
URI: http://purl.umn.edu/12253
Institution/Association: Review of Marketing and Agricultural Economics>Volume 58, Numbers 02-03, August, December 1990
Total Pages: 21
Language: English
From Page: 127
To Page: 147
Collections:Volume 58, Number 02-03, August, December 1990

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