Thomas Torsney-Weir, Shahrzad Afroozeh, Michael Sedlmair, and Torsten Möller
Best investment?
Find an optimum
High level
Low level
Can we show the change? Will this help?
?
A: without sensitivity
B: with sensitivity
Issue is that an open-ended task has no correct answer. There is no “time and errors”
Risk
Return
ABA design
A1
A2
B
Confidence
Confidence
Confidence
Predefined risk value
Where risk changes
Effect
No effect
I am positive that I made the best decision given the information at
hand.
Risk fixers
Sweet spotters
Is there some quality of the people making this decision?
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Find an optimum
High level
Low level
Best investment?
Find an optimum
High level
Low level
Best investment?
Analysis type
Find an optimum
High level
Low level
Best investment?
Analysis type
Risk fixer
Mid-level
Find an optimum
High level
Low level
Best investment?
Analysis type
?
Sweet spotter
Risk fixer
Torsten Möller
Michael Sedlmair
Shahrzad Afroozeh
Questions?
thomas.torsney-weir@univie.ac.at
Risk
Return
45% AAPL
20% MSFT
35% IBM
10% AAPL
65% MSFT
25% IBM
Risk
Return
Efficient frontier
Risk
Return