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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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Last Updated: 01/13/2025
in Manage Models Templates
When you have a favorite model structure that you want to reuse, you can create a template from it and use it when creating new models. A Template is used to create a new Comparion model with predefined: objectives hierarchy, alternatives,...
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An "Insight Questionnaire" can be presented to evaluators at the beginning ( Pre-Survey ) of the input collection process, at the end ( Post-Survey ) of the input collection process, or both. Clicking Pre-Survey or Post-Survey will display a p...
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Compensatory decisions are rational decisions. In compensatory decisions, poor performance of alternatives with respect to some objectives can be overcome with excellent performance with respect to other objectives. For instance, a plane ticket th...
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Last Updated: 02/01/2022
in Manage Models Deleted Models that are deleted are moved to the deleted tab and remain there until: (1) they are restored by pressing the Restore (undelete) option, (2) they are permanently deleted by pressing the Delete option, or (3) some period of time has ela...
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Loss aversion refers to the tendency to prefer avoiding a loss rather than acquiring an equivalent gain. This leads to risk aversion , which is when people prefer avoiding losses to making gains when they evaluate an outcome comprising similar ...
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Last Updated: 10/27/2021
in Reports Expert Choice Comparion allows Project Owners to filter reports on the Ad-Hoc Reports section of the Reports page. The ability to exclude various results allows you to view the impact that specific users, objectives, alternatives, and judgments sub...
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Satisficing is a decision-making strategy that aims for a satisfactory or adequate result rather than the optimal result, because aiming for the optimal solution may necessitate needless expenditure of time, energy and resources. 1 A combinatio...
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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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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...