The Delphi Method (El Metodo Delphi)

17 Pages Posted: 29 Jul 2003

See all articles by Ignacio Velez-Pareja

Ignacio Velez-Pareja

Grupo Consultor CAV Capital Advisory & Valuation

Date Written: June 2003


In this teaching note I explain a method to obtain consensus among the members of a group. This method is the well known Delphi Method. This method is useful to close the gap between the total ignorance regarding a fact or situation and a disciplined guess. I present the origin of the name, that is associated to the Delphos Oracle in Greece and I define the origin and operational procedure as well. I mention the advantages, the basic elements and the most common critiques and objections found in the literature. Finally, I present the most common uses of the method. In the last section I conclude. This note is not intended to present something really new. It is just an actualized bibliographic review.

Note: Downloadable document is in Spanish.

Keywords: Uncertainty, consensus, group decisions, decisions under uncertainty, Delphi method, group of experts, impact matrices, committee work

JEL Classification: C53, E17, O, O14, O33, D84, D71, D7

Suggested Citation

Velez-Pareja, Ignacio, The Delphi Method (El Metodo Delphi) (June 2003). Available at SSRN: or

Ignacio Velez-Pareja (Contact Author)

Grupo Consultor CAV Capital Advisory & Valuation ( email )

Ave Miramar # 18-93 Apt 6A
+573112333074 (Phone)


Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
PlumX Metrics