I hope your posts (after dealing with the theory/theories) will carry on to the situations in which they may and may not be useful. Things like: how are the outcomes found, how are the utilities estimated and how are the probabilities estimated? What decisions are easier or harder to model with these theories? It would be nice to have some examples ranging from something easy like whether now is the time to buy a car to something difficult like when is the right time to put your mother in a care home. I don’t mean that the decision needs to be hard but its the modeling difficulty that interests me. To me the question that immediately follows ‘is the theory logical?’ is ‘is the theory usable?’
I am voting up and looking forward to the next bit.
Thanks for the positive comments. I’ll certainly try to tackle those issues in the sequences. As you note, the first question I’m going to look at is, “Is the theory logical?” but after that I’ll certainly tackle the question of usability.
I hope your posts (after dealing with the theory/theories) will carry on to the situations in which they may and may not be useful. Things like: how are the outcomes found, how are the utilities estimated and how are the probabilities estimated? What decisions are easier or harder to model with these theories? It would be nice to have some examples ranging from something easy like whether now is the time to buy a car to something difficult like when is the right time to put your mother in a care home. I don’t mean that the decision needs to be hard but its the modeling difficulty that interests me. To me the question that immediately follows ‘is the theory logical?’ is ‘is the theory usable?’
I am voting up and looking forward to the next bit.
Thanks for the positive comments. I’ll certainly try to tackle those issues in the sequences. As you note, the first question I’m going to look at is, “Is the theory logical?” but after that I’ll certainly tackle the question of usability.