IDEAS home Printed from https://ideas.repec.org/h/spr/isochp/978-3-031-44424-1_3.html
   My bibliography  Save this book chapter

Behavioral Biases in the Uncertainty Quantification Process

In: Behavioral Decision Analysis

Author

Listed:
  • Victor Richmond R. Jose

    (Georgetown University)

Abstract

Humans play important roles in the process of quantifying uncertainty. The participation of humans in this important exercise opens the process to behavioral biases. In this paper, we examine the different types of biases that may occur when quantifying uncertainty using a process-oriented framework. In particular, we examine the potential biases in each of the major phases of the uncertainty quantification process. Traditionally, most of the literature has focused on biases that occur in the elicitation phase, but we discuss how these can also permeate in the pre- and post-elicitation phases. The recognition of biases in these different phases allows practitioners to potentially avoid, minimize, and correct behavioral biases that result in the multiple stages of the uncertainty quantification process.

Suggested Citation

  • Victor Richmond R. Jose, 2024. "Behavioral Biases in the Uncertainty Quantification Process," International Series in Operations Research & Management Science, in: Florian M. Federspiel & Gilberto Montibeller & Matthias Seifert (ed.), Behavioral Decision Analysis, pages 41-63, Springer.
  • Handle: RePEc:spr:isochp:978-3-031-44424-1_3
    DOI: 10.1007/978-3-031-44424-1_3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:isochp:978-3-031-44424-1_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.