T12, (Teresa) Flashcards
1
Q
steps?
A
- modeling structuring
- scoring weightning
–>
3.
2
Q
scoring?
A
- Build a value function
- -> bisection? (finding middle value)
- -> assigned a score to that performance as we get as input
- -> what is a performance - compare option directly
3
Q
Macbeth?
A
- can compare options directly
- -> problems:
4
Q
problem with adding alternative when comparing options directly?
A
if you change reference level
–> the weighting of the model will change
5
Q
discriptor of performance? in value function
A
e. g. apartment
1. cost of apartment
2. no of rooms
3. distance to metro
different descriptors for same performance/category
can be qualitative or quantitative
6
Q
types discriptor?
A
- direct, indirect or contructed
–> direct: sick people
–> indirect: particles in the air, “cause” , typically needs indicators
–>constructed: created by
yourself - qualitative, quantitative or pictorial
- -> quantitative : nr
- -> qualitaitve:
- -> pictorial: image scales - continous or discrete
- -> continous function
- -> discrete descriptor represent by natural numbers
7
Q
pros with descriptors?
A
..
8
Q
cons?
A
- difficult to create discriptor
2. the process is not straight forward