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Group Decision Making
A process where members of a group collectively analyze problems and look for solutions, aiming to reach a consensus that reflects the input and perspective of the entire group.
Probabilities
The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.
Reliable Historical Data
Trustworthy and dependable data from the past, used for research, analysis, or decision making, which has been accurately recorded and preserved.
Subjective Probabilities
Estimates of the likelihood of events based on personal judgment or experience, rather than on objective data or statistical analysis.
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