Shrinking the Variance in Experts’ “Classical” Weights Used in Expert Judgment Aggregation
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- John Quigley & Abigail Colson & Willy Aspinall & Roger M. Cooke, 2018. "Elicitation in the Classical Model," International Series in Operations Research & Management Science, in: Luis C. Dias & Alec Morton & John Quigley (ed.), Elicitation, chapter 0, pages 15-36, Springer.
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- Bing-Yi Jing & Zhouping Li & Guangming Pan & Wang Zhou, 2016. "On SURE-Type Double Shrinkage Estimation," Journal of the American Statistical Association, Taylor & Francis Journals, vol. 111(516), pages 1696-1704, October.
- Deniz Marti & Thomas A. Mazzuchi & Roger M. Cooke, 2021. "Are Performance Weights Beneficial? Investigating the Random Expert Hypothesis," International Series in Operations Research & Management Science, in: Anca M. Hanea & Gabriela F. Nane & Tim Bedford & Simon French (ed.), Expert Judgement in Risk and Decision Analysis, chapter 0, pages 53-82, Springer.
- Anca M. Hanea & Gabriela F. Nane, 2021. "An In-Depth Perspective on the Classical Model," International Series in Operations Research & Management Science, in: Anca M. Hanea & Gabriela F. Nane & Tim Bedford & Simon French (ed.), Expert Judgement in Risk and Decision Analysis, chapter 0, pages 225-256, Springer.
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Keywords
shrinkage estimation; James–Stein; performance weights; classical model; structured expert judgment;All these keywords.
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