ABSTRACT

How.do.you.address.probability.in.a.risk.assessment.when.you.have.no.data.to.estimate. an.event’s.probability?.You.can.elicit.probability.information.from.experts..Subjective. probability.estimates.are.an.important.part.of.risk.assessment,.and.formally.eliciting. them.from.experts.is.the.subject.of.this.chapter. We.saw.in.Chapter.11.that.the.frequentist.view.of.probability.is.not.always.a.useful.