New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    The Delphi technique of decision making was developed by

    _________
    A Daniel Kahneman Correct Answer Incorrect Answer
    B Aron Katsenelinboigen Correct Answer Incorrect Answer
    C Herbert Simon Correct Answer Incorrect Answer
    D Amos Tversky Correct Answer Incorrect Answer
    E Olaf Helmer Correct Answer Incorrect Answer

    Solution

    Delphi method was developed way back in 1950s by Olaf Helmer and Norman Dalkey at the RAND Corporation to forecast the impact of technology on warfare. It was incorporated to reduce the range of responses and arrive at a consensus. The Delphi technique is an approach to generating new ideas or problem-solving amongst a group or team. Each member or interested party submits his or her recommendations or views on the issue under review to a central contact point. All ideas generated in this way are then circulated to all those participants in the process, who then have the opportunity to submit comments on them. This process is repeated until a consensus emerges.

    Practice Next

    Relevant for Exams: