search query: @author Clemen, R. T. / total: 8
reference: 4 / 8
| Author: | Clemen, R. T. |
| Title: | Combining overlapping information. |
| Journal: | Management Science
1987 : MAR, VOL. 33:3, p. 373-380 |
| Index terms: | DECISION MAKING INFORMATION SYSTEMS |
| Language: | eng |
| Abstract: | A decision maker trying to learn about an uncertain quantity may obtain divergent information from a number of sources. The decision maker's problem of aggregating this information is examined to form his posterior distribution when he believes that the experts' options are dependent due to shared information. Examples in both normal and Bernoulli frameworks lead to some surprising general insights regarding the impact of the dependence on the posterior distribution. Implications for practitioners who face real-world information-aggregation problems and for groups of experts who seek a consensus are discussed. |
SCIMA