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January 11, 2006
What will the risk products of the future look like?
THE DISTRIBUTION BUILDER
To download a video, click on the image (6.7MB AVI).
The Distribution Builder is a tool that lets people specify the probability distributions of risk they would like to have apply to their own future. Think about using it to choose the outcomes you'd like to see from your investments, insurance policies, and medical procedures. Read about it here:
Goldstein, D. G., Johnson, E. J., & Sharpe, W. F. (working paper). Measuring Consumer Risk-Return Tradeoffs. Coming soon to a journal near you.
FAQs
Can I see a video of the Distribution Builder?
Yes, click on the image above to download.
Can I show a video of the Distribution Builder to my class?
Yes, this video may be used for non-commercial purposes, as detailed in the Creative Commons License on the main page of this site.
I need to gather distributions from people for an experiment I am running. Can the Distribution Builder do that?
Yes, the Distribution Builder can be used to elicit any kind of distribution, constrained or unconstrained.
I want to study people's preferences for two-alternative gambles, can the Builder do that?
Yes, the current Distribution Builder can display between 2 and 100 units of probability.
I want to have people create gambles they see as equivalent to other gambles, given constraints. Can it do that?
Yes, the Distribution Builder can be set such that any number of the markers are fixed in place.
Is the Distribution Builder publicly available?
We hope to make the basic GUI framework available in the future, with no promises as to when that will be. Watch this site for more information.
Posted by dggoldst at January 11, 2006 11:28 AM