Question: An advantage of using the Delphi Method rather than a prediction market to produce an estimate of a probability is: Select one: a. the Delphi

An advantage of using the Delphi Method rather than a prediction market to produce an estimate of a probability is:

Select one:

a. the Delphi Method allows estimates to take into account new information quickly

b. people in the Delphi method usually have a monetary incentive to produce an accurate estimate

c. the Delphi Method likely requires fewer participants than prediction markets for reliable estimates

d. less information is shared between participants in the Delphi Method

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!