Probability Wheel
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Probability Wheel
Probability Wheel

Probability Wheel

A tool for encoding a probability distribution against a future uncertainty

Developer: Tyler Barton
App Size: Varies With Device
Release Date: Dec 22, 2021
Price: Free
Price
Free
Size
Varies With Device

Screenshots for App

Mobile
A probability wheel can be used to encode a cumulative probability distribution reflecting an experts opinion (or your own) about some uncertain variable.

For example: Ask the expert "Would you rather 1) bet that revenue ends up being less than $5M, or 2) take a chance that the spinner lands in the blue"?
Demonstrate a random spin. Adjust the colors until the expert is indifferent, and record the experts confidence level (orange). Ask "How about less than $100M"? Repeat until you have enough values to plot a cumulative probability distribution.
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More Information about: Probability Wheel
Price: Free
Version: 1.0
Downloads: 79
Compatibility: Android 2.1
Bundle Id: appinventor.ai_tbarton782.ProbabilityWheel
Size: Varies With Device
Last Update: 2022-01-08
Content Rating: Everyone
Release Date: Dec 22, 2021
Content Rating: Everyone
Developer: Tyler Barton


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