Showing posts with label decision-making. Show all posts
Showing posts with label decision-making. Show all posts

Saturday, July 20, 2013

A Decision Tree App

A Decision Tree App

Create an app that uses a decision tree to help make decisions.
Everything is either an event or an outcome.

Events

  • must have an associated name
  • may have an associated cost
  • may have an associated time duration

Outcomes

  • must have an associated payoff
  • must have an associated probability
  • may have an associated time duration

A mashup of:

Problems mean Opportunities

Problems mean opportunities

Dan Ariely, the author of Predictably Irrational has developed several apps which are a direct outcome of his research.

So here's the idea/challenge. Go and look up some great research and create appealing apps that rely on those laws of nature.

Problems mean opportunities.

Saturday, July 13, 2013

Compounding is an order of magnitude better

Compounding is better

Compounding is not just better, but it is orders of magnitude better.

Choose the idea that compounds

Occasionally, we are faced with choosing between two alternatives which are both better than the status quo. But which is the better alternative. Compounding offers one way out i.e. amongst competing ideas that are better, choose the one that compounds.