{"id":93,"date":"2006-01-11T11:28:56","date_gmt":"2006-01-11T10:28:56","guid":{"rendered":"http:\/\/67.18.176.78\/dsn\/?p=93"},"modified":"2010-05-21T15:00:18","modified_gmt":"2010-05-21T14:00:18","slug":"what-will-the-risk-products-of-the-future-look-like","status":"publish","type":"post","link":"https:\/\/www.decisionsciencenews.com\/?p=93","title":{"rendered":"What will the risk products of the future look like?"},"content":{"rendered":"<p>THE DISTRIBUTION BUILDER<\/p>\n<p><a href=\"http:\/\/www.archive.org\/download\/DistBuilder\/DBVideo.avi\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.decisionsciencenews.com\/archives\/Distribution_Builder.jpg\" border=\"0\" alt=\"Distribution_Builder.jpg\" width=\"577\" height=\"433\" \/><br \/>\n<\/a><\/p>\n<p><span style=\"font-size: xx-small;\">To download a video, click on the image (6.7MB AVI).<\/span><\/p>\n<p>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&#8217;d like to see from your investments, insurance policies, and medical procedures. Read about it here:<\/p>\n<p>Goldstein, D. G., Johnson, E. J., &amp; Sharpe, W. F. (working paper). <a href=\"http:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=819065\">Measuring Consumer Risk-Return Tradeoffs<\/a>. Coming soon to a journal near you.<\/p>\n<p><strong>FAQs<\/strong><\/p>\n<p><strong>Can I see a video of the Distribution Builder?<\/strong><\/p>\n<p>Yes, click on the image above to download.<\/p>\n<p><strong>Can I show a video of the Distribution Builder to my class?<\/strong><\/p>\n<p>Yes, this video may be used for non-commercial purposes, as detailed in the <a href=\"http:\/\/creativecommons.org\/licenses\/by-nc-nd\/2.5\/\">Creative Commons License<\/a> on the main page of this site.<\/p>\n<p><strong>I need to gather distributions from people for an experiment I am running. Can the Distribution Builder do that?<\/strong><\/p>\n<p>Yes, the Distribution Builder can be used to elicit any kind of distribution, constrained or unconstrained.<\/p>\n<p><strong>I want to study people&#8217;s preferences for two-alternative gambles, can the Builder do that?<\/strong><\/p>\n<p>Yes, the current Distribution Builder can display between 2 and 100 units of probability.<\/p>\n<p><strong>I want to have people create gambles they see as equivalent to other gambles, given constraints. Can it do that?<\/strong><\/p>\n<p>Yes, the Distribution Builder can be set such that any number of the markers are fixed in place.<\/p>\n<p><strong>Is the Distribution Builder publicly available?<\/strong><\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;d like to see from your investments, insurance policies, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[2],"tags":[],"class_list":["post-93","post","type-post","status-publish","format-standard","hentry","category-research-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p4LKj-1v","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=\/wp\/v2\/posts\/93","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93"}],"version-history":[{"count":2,"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=\/wp\/v2\/posts\/93\/revisions"}],"predecessor-version":[{"id":1653,"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=\/wp\/v2\/posts\/93\/revisions\/1653"}],"wp:attachment":[{"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}