Material Detail

This article, authored by P.G. Moore for the Royal Statistical Society's website, provides well-defined exercises to assess the probabilities of decision-making and the degree of uncertainty. The author states the focus of the article as: "When analyzing situations which involve decisions to be made as between alternative courses of action under conditions of uncertainty, decision makers and their advisers are often called upon to assess judgmental probability distributions of quantities whose true values are unknown to them. How can this judgment be taught?" Moore provides five different exercises and even external reference for those interested in further study of the topic.

Disciplines:

• Mathematics and Statistics  / Statistics and Probability