Use the probability wheel and direct estimate methods to elicit a colleague’s subjective probabilities for the outcomes of a forthcoming sports event (e.g. a snooker tournament). Check for consistency...


Use the probability wheel and direct estimate methods to elicit a colleague’s subjective probabilities for the outcomes of a forthcoming sports event (e.g. a snooker tournament). Check for consistency between the assessment methods and use the addition rule to evaluate the coherence of the probabilities that your colleague has assessed.



May 25, 2022
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