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Overconfidence is the tendency to overestimate our ability to make good decisions. Research 1 indicates that the more experience a manager has, the more likely it is that he or she will be overconfident in making decisions. Therefore, awareness o...
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Anchoring (or focalism) is a cognitive bias that describes the common human tendency to rely too heavily on the first piece of information offered (the "anchor") when making decisions. During decision-making, anchoring occurs when one uses an ini...
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Last Updated: 10/27/2021
in Dashboards Comparion Dashboard is an information management tool where you can add different Comparion pages and widgets to the Dashboard as panels. A model without any dashboard is displayed as below: Here we see three options: (1) Create Ne w da...
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Last Updated: 10/25/2021
in Allocate Portfolio Assessment The Efficient Frontier results make it easy to compare several scenarios and see the effects of lower or higher budgets. Click to display results: You can select the scenarios to display by using the Scenarios drop-down: When there is mo...
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There are four types of number scales: NOIR The nominal scale of measurement only satisfies the identity property of measurement. Values assigned to variables represent a descriptive category, but they have no inherent numerical value with res...
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Overview The priorities for elements in each cluster of the objectives hierarchy, as well as the priorities derived for the alternatives with respect to each covering objective, are referred to as "local" priorities and are displayed on the Inter...
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You can define the Information Documents in the DEFINE MODEL > Review/Refine Model > Information Documents page. This screen allows you to create and/or edit information documents for: The Goal Objectives Sub Objectives Covering Obje...
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Pairwise comparisons are entered on a page as shown in the figure below, by clicking on or between words that express your judgment about the relative importance or preference or likelihoods (see Pairwise Comparisons Contexts) of the two elements sh...
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Comparion has a large number of options, such as measurement methods for objectives, measurement methods for alternatives, what to display on evaluation pages, alternative wording for "objectives," and "alternatives," etc. A Project Manager can b...