Highly intuitive user experience makes this decision tree software very useful for making any decision quickly in daily life or any business scenario.
Not only you can just make a decision tree, but you can also manipulate the tree in any productive way you want. You can cut or copy a subtree and replace a node with the subtree easily. Forgot to add a decision node between 2 nodes? no worries. You can insert a decision node, chance node or a parallel node easily from the context menu.
Based on your attitude towards risk, get a policy from a Decision Tree and know what action to take at what situation. The Green colored edge and node indicate the optimum strategy (action to take).
The decision tree software is capable of capturing multiple objective / multiple criteria in a rich format like boolean, subjective, numerical, monetary, etc.
Intuitively modeling utility function is one of the features that makes this decision tree software stand out from others. It lets you go very deep with modeling rich utility functions.
Not only that, 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.
Model an uncertain payoff using the built-in advanced probability distribution modeling tool.
Monte Carlo simulation is performed whenever a probability distribution is detected. A Risk profile is generated based on the Monte Carlo simulation.
A plethrora of Risk Analysis metric calculated. Stochastic Dominance is calculated up to the 3rd order and displayed in the most intuitive manner.
Sensitivity analysis is a crucial part of decision analysis. A decision won't be robust until a sensitivity analysis is performed. Decision Tree Maker & Analyzer software calculates the sensitivity of all variables and display a sorted list based on the degree of sensitivity.
Get detail insight of the selected variable's one-way sensitivity analysis.
Some uncertainties are highly sensitive, and you just don't want to guess the probabilities. Perform experiment and incorporate your observations into your hypothesis updating process. A built-in Bayesian Inference tool is right there for you.
The software is not only a decision tree maker but also a powerful analysis engine for various metrics useful for a robust decision analysis.
SpiceLogic Decision Tree Maker offers several extensions over regular decision tree software. One such extension is "parallel node".
Windows 7, Windows 8-8.1, Windows 10
4.5 or later