Method and system for selecting between or allocating among alternatives
AssigneeKlein Decisions, Inc.
InventorRobert L. Padgette
Life of this patent
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Abstract
A method and system for selecting between or allocating among a plurality of alternatives is disclosed. The method for selecting between or allocating among the plurality of alternatives may include determining a risk tolerance for a user. A plurality of attributes related to the alternatives may be presented for selection by the user. At least one of ranking the alternatives or allocating among the alternatives may be performed in response to analysis of the plurality of attributes and the risk tolerance of the user.
Claims31
A computer-readable medium having computer-executable instructions for performing a method for selecting between a plurality of investment alternatives, the method comprising:
- determining a risk tolerance for a user;
- presenting a plurality of attributes for selection by the user;
- selecting a relative importance for each of the selected attributes;
- selecting a degree of preference for each of the selected attributes with respect to at least one other of the selected attributes;
- determining a quantitative value of importance of each of the selected attributes relative to the other selected attributes based upon both the relative importance and the degree of preference for each of the selected attributes;
- and
- generating a ranking of the investment alternatives in response to an analysis of the quantitative value of importance of each of the selected attributes and the risk tolerance of the user.
A system for selecting between or allocating among a plurality of investment alternatives, comprising:
- a user interface generator that presents a plurality of attributes related to the plurality of investment alternatives for the user to select those attributes of importance to the user and to present a plurality of questions to the user;
- an analysis program that determines, based on responses to the plurality of questions, a risk tolerance of the user, a relative importance for each selected attribute, and a degree of preference for each selected attribute with respect to at least one other selected attribute, wherein the analysis program determines a quantitative value of importance for each selected attribute relative to the other selected attributes based on both the relative importance and the degree of preference for each selected attribute;
- and
- a processor programmed to generate a ranking of the investment alternatives in response to a combination of the risk tolerance of the user and the quantitative value of importance of each selected attribute.
A system for selecting between or allocating among a plurality of investment alternatives, comprising:
- a user interface generator that:
- presents a plurality of risk tolerance questions to a user;
- presents a plurality of attributes related to the plurality of investment alternatives for the user to select attributes of importance to the user;
- and
- presents a plurality of questions related to the selected attributes;
- and
- a utilities calculation engine operatively associated with the interface generator that:
- determines a risk tolerance for the user based on responses from the user to the risk tolerance questions,
- determines a relative importance for each selected attribute based on responses to a first set of the plurality of questions related to the selected attributes,
- determines a degree of preference for each selected attribute with respect to at least one other selected attribute based on responses to a second set of the plurality of questions related to the selected attributes,
- determines a quantitative value of importance for each selected attribute relative to the other selected attributes based on both the relative importance and the degree of preference for each selected attribute, and
- generates a ranking of the investment alternatives in response to a combination of the risk tolerance of the user and an analysis of the quantitative values of importance.
Dependencies are inferred from the claim text.