Application of Bayesian Approach to Reduce the Uncertainty in Expert Judgments by Using a Posteriori Mean Function

Much applied research uses expert judgment as a primary or additional data source, thus the problem solved in this publication is relevant. Despite the expert’s experience and competence, the evaluation is subjective and has uncertainty in it. There are various reasons for this uncertainty, includin...

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Bibliographic Details
Main Author: Irina Vinogradova-Zinkevič
Format: Article
Language:English
Published: MDPI AG 2021-10-01
Series:Mathematics
Subjects:
Online Access:https://www.mdpi.com/2227-7390/9/19/2455
Description
Summary:Much applied research uses expert judgment as a primary or additional data source, thus the problem solved in this publication is relevant. Despite the expert’s experience and competence, the evaluation is subjective and has uncertainty in it. There are various reasons for this uncertainty, including the expert’s incomplete competence, the expert’s character and personal qualities, the expert’s attachment to the opinion of other experts, and the field of the task to be solved. This paper presents a new way to use the Bayesian method to reduce the uncertainty of an expert judgment by correcting the expert’s evaluation by the <i>a posteriori</i> mean function. The Bayesian method corrects the expert’s evaluation, taking into account the expert’s competence and accumulated long-term experience. Since the paper uses a continuous case of the Bayesian formula, perceived as a continuous approximation of experts’ evaluations, this is not only the novelty of this work, but also a new result in the theory of the Bayesian method and its application. The paper investigates various combinations of the probability density functions of <i>a priori</i> information and expert error. The results are illustrated by the example of the evaluation of distance learning courses.
ISSN:2227-7390