Question: Why might a decision maker be reluctant to make subjective probability judgments when historical data are available? In what sense does the use of data

Why might a decision maker be reluctant to make subjective probability judgments when historical data are available? In what sense does the use of data still involve subjective judgments?

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Why might a decision maker be reluctant to make subjective probability judgments when historical data are available? In what sense does the use of data still involve subjective judgments?

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