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Elicitation from Large, Heterogeneous Expert Panels: Using Multiple Uncertainty Measures to Characterize Information Quality for Decision Analysis

Author

Listed:
  • Sandra Hoffmann

    (Resources for the Future, 1616 P St. NW, Washington, D.C. 20036)

  • Paul Fischbeck

    (Department of Social and Decision Sciences, Carnegie Mellon University, Pittsburgh, Pennsylvania 15213)

  • Alan Krupnick

    (Resources for the Future, 1616 P St. NW, Washington, D.C. 20036)

  • Michael McWilliams

    (Department of Economics, University of Michigan, Ann Arbor, Michigan 48109)

Abstract

Decision analysts are frequently called on to help inform decision makers in cases involving considerable uncertainty. In such situations, expert elicitation of parameter values is frequently used to supplement more conventional research. Expert elicitations typically rely on small panels of experts. However, in cases where the information needed for risk management must draw on a broad range of disciplines or types of professional backgrounds and experience, a larger, more heterogeneous expert panel is needed. In this paper we develop a formal protocol and a suite of uncertainty measures for this work. The protocol uses formal survey methods to take advantage of variation in individual expert uncertainty and heterogeneity among experts as a means of quantifying and comparing sources of uncertainty about parameters of interest. We illustrate the use of this protocol with an expert elicitation on the distribution of foodborne illness in the United States across foods. In the survey, experts are asked to attribute illnesses associated with one of eleven major foodborne pathogens to the consumption of one of eleven categories of food. Results show how the distributions of multiple measures of uncertainty (e.g., agreement of experts and uncertainty in knowledge), made feasible by use of a large panel of experts, can help identify which of several types of risk management actions may be most appropriate.

Suggested Citation

  • Sandra Hoffmann & Paul Fischbeck & Alan Krupnick & Michael McWilliams, 2007. "Elicitation from Large, Heterogeneous Expert Panels: Using Multiple Uncertainty Measures to Characterize Information Quality for Decision Analysis," Decision Analysis, INFORMS, vol. 4(2), pages 91-109, June.
  • Handle: RePEc:inm:ordeca:v:4:y:2007:i:2:p:91-109
    DOI: 10.1287/deca.1070.0090
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    References listed on IDEAS

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    Cited by:

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    4. Kesten Green & J. Scott Armstrong & Andreas Graefe, 2007. "Methods to Elicit Forecasts from Groups: Delphi and Prediction Markets Compared," Foresight: The International Journal of Applied Forecasting, International Institute of Forecasters, issue 8, pages 17-20, Fall.
    5. Rakesh K. Sarin, 2013. "From the Editor —Optimal Betting, Reducing Unnecessary Mammography in Breast Cancer Diagnosis, Product Line Design, and Value of Information," Decision Analysis, INFORMS, vol. 10(3), pages 187-188, September.
    6. L. Robin Keller & Kelly M. Kophazi, 2008. "From the Editors..," Decision Analysis, INFORMS, vol. 5(2), pages 57-59, June.
    7. Alison Peel & Michelle Jenks & Moni Choudhury & Rosemary Lovett & Juan Carlos Rejon-Parrilla & Andrew Sims & Joyce Craig, 2018. "Use of Expert Judgement Across NICE Guidance-Making Programmes: A Review of Current Processes and Suitability of Existing Tools to Support the Use of Expert Elicitation," Applied Health Economics and Health Policy, Springer, vol. 16(6), pages 819-836, December.

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