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“Priors” in the “Bayesian priors” sense. Beliefs represented as probabilities. “Expert” is that you’re asking people who should know what they’re talking about
by travisjungroth 4y ago
“Priors” in the “Bayesian priors” sense. Beliefs represented as probabilities.
“Expert” is that you’re asking people who should know what they’re talking about, not random laypeople.
“Elicitation” is that there’s a whole process to it. You don’t just ask “What are the odds this movie will do $100 million in domestic box office in its first month?”. You ask lots of smaller questions and use visuals to build up an answer.
I also like how “expert elicitation” sounds like we should be doing a good job eliciting!