User:Margaret Arogunyo

DECISION ANALYSIS AND RISK MANAGEMENT

Home Work 1

←# : Very good. --Jouni (talk) 08:27, 10 April 2017 (UTC)

1a:

• Open assessment is a method that attempts to answer research question regarding how scientific information and value judgements are organised for improving societal decision-making in a situation where open participation is allowed and how these scientific information are applied in practical assessments.This assessment processes are performed using Internet tools such as; Opasnet and other internet tools. Participation in the assessment can be done by Stakeholders and other interested people and this include; commenting, and editting the content as it develops, from an early phase of the process.

• Shared understanding means a situation where all participants can understand what decision options are considered, what outcomes are of interest, what objectives are pursued, what facts, opinions, and disagreements exist and why, and finally why a particular decision option was selected. Shared understanding is written down and shared with everyone.

• Open assessment is the overall method for knowledge support in a situation where open participation is allowed. Specifically, it deals with the issue of systematically combining scientific information and value judgements for improving societal decision making.

• In dimensions of openness there are five different perspectives to openness in external participation of assessment processes: scope of participation, access to information, timing of openness, scope of contribution, and impact of contribution.

1b: Learning terms in Quizlet

• Shared understanding: A situation where everyone has been heard about the topic at hand and where there is a written description about all facts, values, and reasoning and why there are agreements and disagreements.
• Critique: A principle of open policy practice that all information must be subject to attacking scientific arguments. All statements not consistent with observations or not relevant in their context are invalidated and not used for making conclusions. The aim is to reject ideas, hypotheses - and ultimately decision options - that do not hold against scientific arguments.
• Openness: A principle of open policy practice that all work and all information is constantly available for anyone to read, contribute, and criticize. If there are exceptions, these must be publicly justified. It is not judged a priori who may have important information or value judgments about the topic.
• Intentionality: A principle of open policy practice that the management of work should be based on understanding of the objectives and values of the person for whom the work is done. Therefore, the decision maker explicates her objectives and decision options under consideration. The work studies impacts of the decision related to the objectives of the decision maker.
• Knowledge crystal: A written description about a specific topic produced according to the principles of open policy practice. It has the structure question, answer, and rationale. It has an own page in a web-workspace, e.g. Opasnet.
• Causality: A principle of open policy practice that policy support should be based on understanding of causes and effects related to the impacts of policy options, i.e. whether and why the policy options would lead to desired outcomes.
• Shared information objects:A principle of open policy practice that information work should be performed by producing all information on topic-based web pages with permanent address. All information is organized using a systematic structure and a common workspace where all participants can work. Each topic has its own page with a permanent identifier (URL). Pages are continually updated as new information arises. Assessments, variables, and methods are typical page classes.
• Reuse: All information is produced in a format and with methods that facilitate its use for other purposes by other people. For example, content in a PDF file is not machine readable, and therefore e.g. Opasnet variable pages are favored.
• Co-creation: Joint effort to collaboratively produce information, typically supported by facilitators and performed utilizing online tools.
• Shared information objects: A principle of open policy practice that information work should be performed by producing all information on topic-based web pages with permanent address. All information is organized using a systematic structure and a common workspace where all participants can work. Each topic has its own page with a permanent identifier (URL). Pages are continually updated as new information arises. Assessments, variables, and methods are typical page classes.
• Evaluation and management: Guidance and criteria to observe the performance and potential of the work and its products, and taking corrective actions when necessary.
• Grouping: Producing the participants a feeling that they belong to a group that works on an important topic and that values participants' contributions.
• Respect: Valuation given to participants based on their contributions to produce and share information.

1c: Introduction to critical thinking

According to what i learn in khan academy, critical thinking is all about making good reasons for your beliefs.

1d: Introduction to probabilities

According to Khan academy, probability is the likelihood that something will happen and this can be calculated by looking at the possible outcomes.

Homework 3: Basic concepts of open assessment and co-creation

←# : Task 1 OK. Unfortunately you were not at the lecture where we discussed these. --Jouni (talk) 08:27, 10 April 2017 (UTC)

• TASK 1

I read and study homeworks 1 and 2, and also learn and study Glossary Terms in open policy practice and the introductory pages listed below.

• Questions

What is P-value? What is regression analysis? what is Bernoulli distribution?