Monday, February 5

Follow up to Risk Analysis in Mediation post

Thanks to Canada's Rick Weiler who left a comment on my recent Risk Analysis in Mediation post saying that he finds TreePlan® to be good and it's often a revelation, he finds, when the parties realize they have to subtract the negative contingency from the positive. It's helped Rick with lots of cases.

TreePlan helps build a decision tree diagram in an Excel worksheet using dialog boxes.

Decision trees are useful for analyzing sequential decision problems under uncertainty, i.e., linked decisions.

1 comment:

Anonymous said...

It looks interesting. Unfortunately, the demo doesn't seem to be playing entirely well with the Mac version of Excel. I've left a message for the developer, so hopefully it's a temporary problem.