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The Endowment Effect , an emotional bias, is the hypothesis that people will value something they already own more than a similar item they don’t own. This happens even when there is no cause for attachment or even if the item was only obtained li...
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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...
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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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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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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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A rule of thumb is a principle with broad application that is not intended to be strictly accurate or reliable for every situation. 1 It is based not on theory but on practical experience. FW Taylor, who is often called "The Father of Scientif...
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Pairwise graphical and numerical comparisons are used to express your judgment about the relative importance, preference, or likelihood of the two elements being compared. In the example below, we are asked to compare the relative importance of th...
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Groupthink is a common pitfall in group decision-making and problem-solving. People feel reluctant to present alternatives, challenge others’ opinions, or express their own opinions. Conditions are ripe for Groupthink when one or more of these f...
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A gradient analysis shows the rate of change of the priorities of alternatives with respect to the change in priority of one of the objectives. Each gradient sensitivity is composed of: An objective on the x-axis -- which can be selected fro...