2018
DOI: 10.1111/risa.12992
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The Value of Performance Weights and Discussion in Aggregated Expert Judgments

Abstract: In risky situations characterized by imminent decisions, scarce resources, and insufficient data, policymakers rely on experts to estimate model parameters and their associated uncertainties. Different elicitation and aggregation methods can vary substantially in their efficacy and robustness. While it is generally agreed that biases in expert judgments can be mitigated using structured elicitations involving groups rather than individuals, there is still some disagreement about how to best elicit and aggregat… Show more

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Cited by 47 publications
(57 citation statements)
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“…They then provided a second score which was mathematically aggregated (Hanea et al, 2018a). The element of discussion is powerful, as the sharing of information between participants has been shown to improve the accuracy of Delphi-style forecasts (Hanea et al, 2018b). The IDEA protocol has also performed well relative to prediction markets in early studies (Hanea et al, 2017).…”
Section: Methodsmentioning
confidence: 99%
“…They then provided a second score which was mathematically aggregated (Hanea et al, 2018a). The element of discussion is powerful, as the sharing of information between participants has been shown to improve the accuracy of Delphi-style forecasts (Hanea et al, 2018b). The IDEA protocol has also performed well relative to prediction markets in early studies (Hanea et al, 2017).…”
Section: Methodsmentioning
confidence: 99%
“…Most validation studies found that when experts revise their estimates, they do so in the direction of the "truth" (e.g. Burgman et al 2011b;Hanea et al 2018).…”
Section: Applicability Of Idea Methodology To Ecological Problemsmentioning
confidence: 99%
“…The method generates relatively accurate judgments that usually improve with performance‐based weighting (Hanea et al. ).…”
Section: Improving Quantitative Judgmentsmentioning
confidence: 99%