Difference between revisions of "Expert Based Models"
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== Definition == | == Definition == | ||
| − | '''Expert Based Models''' are models that are more or less direct translation of expert knowledge rather than based on quantitative data sources | + | '''Expert Based Models''' are models that are more or less direct translation of expert knowledge rather than based on quantitative data sources. |
== Usage == | == Usage == | ||
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== Issues and Challenges == | == Issues and Challenges == | ||
* [[Expert Biases]] | * [[Expert Biases]] | ||
| + | |||
| + | == See Also == | ||
| + | * [[Informal Risk Management]] | ||
== References == | == References == | ||
Revision as of 08:02, 17 August 2021
Definition
Expert Based Models are models that are more or less direct translation of expert knowledge rather than based on quantitative data sources.
Usage
Assuming several independent experts are available, expert models can be developed according to a rigorous process similar to more quantitative models
