Aggregation of coherent experts’ opinions: A tractable extreme-outcomes consistent rule

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Abstract

The paper defines a consensus distribution with respect to experts’ opinions using a multiple quantile utility model. We show that the Steiner point (Schneider, Isr J Math 2:241–249, 1971) is the representative consensus probability. The new rule for aggregation of experts’ opinions, which can be simply evaluated by the Shapley value, is prudential and coherent.

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Basili, M., & Chateauneuf, A. (2016). Aggregation of coherent experts’ opinions: A tractable extreme-outcomes consistent rule. In Fusion Methodologies in Crisis Management: Higher Level Fusion and Decision Making (pp. 423–433). Springer International Publishing. https://doi.org/10.1007/978-3-319-22527-2_19

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