Problem-Structure and Format in Training Conditional and Cumulative Risk Judgments
نویسندگان
چکیده
We describe an experiment evaluating a training program designed to help participants interpret probability and risk information presented in a normalized single-event probability format. Both conditional probability and cumulative probability judgments benefited from training in using tree-structures to represent the problem and the set-subset relations involved. The effects of this training persisted over time regardless of whether the training required them to translate the single-event probabilities into “natural” (non-normalized) frequencies or remain with a probability format. However, training did not generalize and was specific to the problem-type tested. A training program for coping with single-event probabilities is therefore feasible for specific problem (or risk judgment) types but may create difficulties when alternative risk or probability judgments are encountered.
منابع مشابه
Optimal Portfolio Allocation based on two Novel Risk Measures and Genetic Algorithm
The problem of optimal portfolio selection has attracted a great attention in the finance and optimization field. The future stock price should be predicted in an acceptable precision, and a suitable model and criterion for risk and the expected return of the stock portfolio should be proposed in order to solve the optimization problem. In this paper, two new criterions for the risk of stock pr...
متن کاملExploratory-cumulative vs. Disputational Talk on Cognitive Dependency of Translation Studies: Intermediate level students in focus
The present study set out to determine the effect of implementing exploratory-cumulative talk in comparison to disputational talk on cognitive (meaning development and organization of thought as well as problem solving ability) dependency of intermediate level students in translation studies. In order to achieve the objectives of the study, a quasi-experimental-pretest-posttest-statistical stud...
متن کاملبهکارگیری بهینه سازی استوار در مساله انتخاب سبد سهام با افت سرمایه در معرض خطر مشروط
Portfolio selection problem is one of the most important problems in finance. This problem tries to determine the optimal investment allocation such that the investment return be maximized and investment risk be minimized. Many risk measures have been developed in the literature until now; however, Conditional Drawdown at Risk is the newest one, which is a conditional risk value type problem. T...
متن کاملRobust portfolio selection with polyhedral ambiguous inputs
Ambiguity in the inputs of the models is typical especially in portfolio selection problem where the true distribution of random variables is usually unknown. Here we use robust optimization approach to address the ambiguity in conditional-value-at-risk minimization model. We obtain explicit models of the robust conditional-value-at-risk minimization for polyhedral and correlated polyhedral am...
متن کاملA Modified Benders Decomposition Algorithm for Supply Chain Network Design under Risk Consideration
In today’s competitive business environment, the design and management of supply chainnetwork is one of the most important challenges that managers encounter. The supply chain network shouldbe designed for satisfying of customer demands as well as minizing the total system costs. This paper presentsa multi-period multi-stage supply chain network design problem under demand uncertainty. The prob...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2005