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Rational Decision Making - Where should you retire to?
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by A. Tovar, Ph. D.
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Merit FunctionYouOption 1You * Option 1Option 2You * Option 2
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(Austin, TX)
(Big Bear City, CA)
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1Weather8972972
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2Schools7749214
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3Cost of Living6530318
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4Close to Friends33913
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Sports/Culture/Outdoors
6530848
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6Local Taxes3618515
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7Local Economy4520520
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8Crime/Drugs8432540
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9Hospitals/Health Care4520416
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10Air Quality4416832
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11Politics224510
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Totals:555530055288
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Notes:
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Is Rational Decision Making appropriate for the application? (determining a mate wouldn't be)
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Error analysis - are the differences between the results statistically significant?
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Is there an "ideal state"? If so use least squares (of diffrences) instead of products
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