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Description

Because you do not deserve a poorly designed, boring and awkward user interface for Decision Analysis, SpiceLogic has brought to you the most intuitive and beautiful wizard-like Decision Analysis software. Enter Rational Will and never regret a Decision Again. An integrated Decision Analysis software featured with Decision Tree, Analytic Hierarchy Process, Decision Matrix, Markov Decision Process and more. • Just model a decision problem and behold a plethora of metrics and charts with Risk Profiles, Value of Information, Stochastic Dominance graph, Sensitivity Analysis, and Monte Carlo Simulation are done for you. Rich and comprehensive reports are generated with details. • Make smart decisions by looking at your decision problem from various angles. Reveal hidden factors by analyzing useful metrics, charts, and diagrams. • Know which action to take during which situation. Based on your attitude, evaluate policy by selecting a Decision Criterion like Maximize Expected Utility, Minimax Regret, Maximin, Hurwicz Optimism Pessimism Rule, etc. • Using Rational Will, be in charge of your life. Identify your objectives and options. Recognize what really matters. See the spectrum of 'things can happen' thru exhaustive sensitivity analysis. Be aware of your risks. Make rational decisions on everyday problems. • Model Rewards at an option or an event with Multiple-criteria Utilities. Rational Will Objectives can encapsulate rich information, like the attribute type of the objective. For example, some attributes can be Boolean Type (yes/no or true/false), some of them can be a Subjective type, Number type, or Categorical. Monetary type objective can be used to calculate Net Present Value using an interest rate. • When you have a probability distribution, Monte Carlo Simulation is performed automatically without asking you anything to configure. Whenever you have uncertainty, the Risk Profile chart is generated for you to visualize the complete possibilities of uncertain events and realize what can go wrong. Get prepared accordingly. • Realize the risks in any action you take. Observe a plethora of risk metric charts including Value at Risk, Entropy, Baumol's Risk measure, Domar and Musgrave Risk Index, Roy's safety first rule, Shortfall VaR, Variance, Standard Deviation, etc. • Try the analytic hierarchy process feature, and you will be amazed. The advanced guided wizard user interface is offered to model the Analytic Hierarchy Process. Rational will uses Eigenvalues and eigenvectors for calculating priorities from Pairwise Comparisons. • The Rational Will computes a strategy based on your Attitude. If you acknowledge as a realist rational person, the Von Neumann–Morgenstern utility theorem - Maximize Expected Utility approach will be used. If you are a very pessimist person who wants to avoid all kind of risks, you can choose LexiMin approach. If you regret opportunities, then the Minimax Regret approach is available for you. Hurwicz’s Optimism Pessimism rule is also available along with various customizations. • If you are not sure about your utility function, a Certainty Equivalent based Game can be offered to you. While you play the game, the 'Rational Will' will infer your Utility Function using the concept from Behavioral Economics. • Whenever you model uncertainty, you can update your beliefs based on experimentation and observations. A built-in Bayesian Inference tool called Diachronic Interpretation is ready for you to help you elicit the probabilities whenever you need. • When you compare random variables, Stochastic Dominance measure should be considered to rank the variables. 'Rational Will' can calculate Stochastic Dominance up to the 3rd Order. Whenever a model contains Uncertainty, the stochastic dominance is calculated in the Result Panel. •• TRY THE TRIAL VERSION TODAY •• The Trial version is a 7 day fully functional trial version. After 7 days, the application will stop working. You can purchase a license from Microsoft Store to continue beyond the Trial Period.

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Additional information

Published by

SpiceLogic Inc

Copyright

"Rational Will" is pending for a Trademark.

Developed by

SpiceLogic Inc.

Release date

16/09/2019

Approximate size

59.92 MB

Age rating

For ages 3 and over

Category

Productivity

This app can

Access all your files, peripheral devices, apps, programs and registry
Access your Internet connection

Installation

Get this app while signed in to your Microsoft account and install on up to ten Windows 10 devices.

This product needs to be installed on your internal hard drive.

Language supported

English (United States)


Additional terms

Rational Will privacy policy
Terms of transaction
Rational Will licence terms
This End User License Agreement can be changed anytime without notice and anytime the End User License Agreement is changed, the new End User License Agreement will be in effect even if you purchase a license with an older version of End User License Agreement. SpiceLogic Inc's End-User License Agreement ("EULA") is a legal agreement between you (either an individual or a single entity) and SpiceLogic Inc. SpiceLogic Inc "SOFTWARE PRODUCT" may include associated software components, media, printed materials, and "online" or electronic documentation. By installing, copying, or otherwise using the SOFTWARE PRODUCT, you agree to be bound by the terms of this EULA. This license agreement represents the entire agreement concerning the program between you and SpiceLogic Inc., (referred to as "licenser"), and it supersedes any prior proposal, representation, or understanding between the parties. If you do not agree to the terms of this EULA, do not install or use the SpiceLogic SOFTWARE PRODUCT. The SOFTWARE PRODUCT is protected by copyright laws and international copyright treaties, as well as other intellectual property laws and treaties. The SOFTWARE PRODUCT is licensed, not sold. GRANT OF LICENSE. The SOFTWARE PRODUCT is licensed as follows: For any license mentioned below, SpiceLogic Inc. does not give you the Property Right, Ownership of the intellectual property. Instead, SpiceLogic Inc. gives you the right to use the intellectual property and SpiceLogic Inc reserves all rights and ownership. Prohibition on Reverse Engineering, Decompilation, and Disassembly. For Trial Version and Unlocked version, you may not reverse engineer, decompile, or disassemble the SOFTWARE PRODUCT, except and only to the extent that such activity is expressly permitted by applicable law notwithstanding this limitation. Rental. You may not rent, lease, or lend the SOFTWARE PRODUCT. Support Services. SpiceLogic Inc. may provide you with support services related to the SOFTWARE PRODUCT ("Support Services"). SpiceLogic Inc. is NOT OBLIGATED to provide support for any request the buyer makes. The support service is completely complimentary and SpiceLogic Inc. may choose not to support for any particular request. For example, if a bug report or feature request is submitted to SpiceLogic Inc's Helpdesk which is beyond the capacity or capability of SpiceLogic Inc developer team, then, SpiceLogic Inc will not be obligated to listen to that request. Any supplemental software code provided to you as part of the Support Services shall be considered part of the SOFTWARE PRODUCT and subject to the terms and conditions of this EULA. Compliance with Applicable Laws. You must comply with all applicable laws regarding use of the SOFTWARE PRODUCT. TERMINATION Without prejudice to any other rights, SpiceLogic Inc. may terminate this EULA if you fail to comply with the terms and conditions of this EULA. In such event, you must destroy all copies of the SOFTWARE PRODUCT in your possession. COPYRIGHT All title, including but not limited to copyrights, in and to the SOFTWARE PRODUCT and any copies thereof are owned by SpiceLogic Inc. All title and intellectual property rights in and to the content which may be accessed through use of the SOFTWARE PRODUCT is the property of the respective content owner and may be protected by applicable copyright or other intellectual property laws and treaties. This EULA grants you no rights to use such content. All rights not expressly granted are reserved by SpiceLogic Inc. NO WARRANTIES SpiceLogic Inc. expressly disclaims any warranty for the SOFTWARE PRODUCT. The SOFTWARE PRODUCT is provided 'As Is' without any express or implied warranty of any kind, including but not limited to any warranties of merchantability, non-infringement, or fitness for a particular purpose. SpiceLogic Inc. does not warrant or assume responsibility for the accuracy or completeness of any information, text, graphics, links or other items contained within the SOFTWARE PRODUCT. SpiceLogic Inc. makes no warranties respecting any harm that may be caused by the transmission of a computer virus, worm, time bomb, logic bomb, or other such computer programs. SpiceLogic Inc. further expressly disclaims any warranty or representation to Authorized Users or to any third party. The entire risk as to the quality and performance of the Software is borne by you. Should the Software prove defective, you and not SpiceLogic Inc. assume the entire cost of any service and repair. SPICELOGIC INC. IS NOT RESPONSIBLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES OF ANY CHARACTER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF GOODWILL, WORK STOPPAGE, COMPUTER FAILURE OR MALFUNCTION, OR ANY AND ALL OTHER COMMERCIAL DAMAGES OR LOSSES. LIMITATION OF LIABILITY In no event shall SpiceLogic Inc. be liable for any damages (including, without limitation, lost profits, business interruption, or lost information) rising out of 'Authorized Users' use of or inability to use the SOFTWARE PRODUCT, even if SpiceLogic Inc. has been advised of the possibility of such damages. In no event will SpiceLogic Inc. be liable for loss of data or indirect, special, incidental, consequential (including lost profit), or other damages based in contract, tort or otherwise. SpiceLogic Inc. shall have no liability with respect to the content of the SOFTWARE PRODUCT or any part thereof, including but not limited to errors or omissions contained therein, libel, infringements of rights of publicity, privacy, trademark rights, business interruption, personal injury, and loss of privacy, moral rights or the disclosure of confidential information. Warning This computer program is protected by copyright law and international treaties. Unauthorized reproduction or distribution of this program, or any portion of it, may result in severe civil and criminal penalties and will be prosecuted to the maximum extent possible under the law. Copyright @2007- 2019 Exclusively owned by, SpiceLogic Inc. All rights reserved. https://www.spicelogic.com

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