Question

____ is sometimes needed to achieve consensus and reconciles three experts predictions, without having group meetings, and where the experts work independently?

Answer 1

The Delphi technique is employed to reconcile expert opinions and reach consensus without group meetings, reducing transaction and conformity costs.

Step-by-step explanation:

The method sometimes needed to achieve consensus and reconcile the predictions of three experts, without having group meetings, and where the experts work independently, is known as the Delphi technique.

This technique is used when coordination challenges arise, and participants need to reach an agreement on complex issues, such as climate change policies or other instances where general agreement exists but specific details are contested.

The Delphi method facilitates the collection of expert opinions on a subject through a series of questionnaires, with feedback provided to participants after each round. This mechanism is designed to reduce transaction costs and conformity costs associated with group decision-making processes.