Presentation #7 — Elicitation Calculation Framework By Lee Abramson

Split distributions necessary if UB and LB are not symmetric with respect to mid value.

Used log normal distribution since results provided by participants fit log-normal distribution; also log­normal distribution easily to manipulate; also tradition is that log-normal is used in risk based approaches; bottom line is that due to variability in responses should not make that much difference as to what distribution chosen.

Analysis will yield medians of mid values and bounds as well.