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Skilled financial planning: the cost of translating ideas into action

Authors:

F. J. Lerch,

M. M. Mantei,

J. R. OlsonAuthors Info & Claims

ACM SIGCHI Bulletin, Volume 20, Issue SI

Pages 121 - 126

https://doi.org/10.1145/67450.67474

Published: 01 March 1989 Publication History

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Abstract

We use GOMS models to predict error rates and mental times for translating financial concepts into equations in two widely used interface representations. The first of these, common to spreadsheet packages, is characterized by non-mnemonic naming and absolute referencing of variables. The second, common to non-procedural command-driven software, is characterized by mnemonic naming conventions and relative referencing of variables. These predictions were tested in an experiment using experienced financial analysts. Although the interface that allows mnemonic and relative names (called keyword) takes longer overall, it produces seventy-five percent fewer simple errors and requires less mental effort. Given the overall serious cost of errors in financial models, we conclude that interfaces having the keyword representation are far superior.

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Cited By

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Jain SAlam M(2022)Applications of Human-Computer Interaction in Health PsychologyJournal of Digital Art & Humanities10.33847/2712-8148.3.1_53:1(36-57)Online publication date: 29-Jun-2022
https://doi.org/10.33847/2712-8148.3.1_5
Yang BYu Q(2017)An Approach of Test Case Generation for Spreadsheet CellsAdvances in Computer Science and Ubiquitous Computing10.1007/978-981-10-7605-3_3(15-20)Online publication date: 20-Dec-2017
https://doi.org/10.1007/978-981-10-7605-3_3
Kneuer M(2007)Empirischer Teil. Anwendung des Analysekonzeptes an zwei Fallbeispielen: Spanien und SlowakeiDemokratisierung durch die EU10.1007/978-3-531-90388-0_3(87-361)Online publication date: 2007
https://doi.org/10.1007/978-3-531-90388-0_3
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Skilled financial planning: the cost of translating ideas into action

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CHI '89: Proceedings of the SIGCHI Conference on Human Factors in Computing Systems

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Information & Contributors

Information

Published In

ACM SIGCHI Bulletin Volume 20, Issue SI

March 1989

374 pages

ISSN:0736-6906

DOI:10.1145/67450

Editors:
K. Bice
Texas Instruments
,
C. Lewis
Univ. of Colorado, Boulder, CO

Issue’s Table of Contents

CHI '89: Proceedings of the SIGCHI Conference on Human Factors in Computing Systems
March 1989
397 pages
ISBN:0897913019
DOI:10.1145/67449
Editors:
K. Bice
Texas Instruments
,
C. Lewis
Univ. of Colorado, Boulder, CO

Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected]

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Association for Computing Machinery

New York, NY, United States

Publication History

Published: 01 March 1989

Published in SIGCHI Volume 20, Issue SI

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Cited By

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Jain SAlam M(2022)Applications of Human-Computer Interaction in Health PsychologyJournal of Digital Art & Humanities10.33847/2712-8148.3.1_53:1(36-57)Online publication date: 29-Jun-2022
https://doi.org/10.33847/2712-8148.3.1_5
Yang BYu Q(2017)An Approach of Test Case Generation for Spreadsheet CellsAdvances in Computer Science and Ubiquitous Computing10.1007/978-981-10-7605-3_3(15-20)Online publication date: 20-Dec-2017
https://doi.org/10.1007/978-981-10-7605-3_3
Kneuer M(2007)Empirischer Teil. Anwendung des Analysekonzeptes an zwei Fallbeispielen: Spanien und SlowakeiDemokratisierung durch die EU10.1007/978-3-531-90388-0_3(87-361)Online publication date: 2007
https://doi.org/10.1007/978-3-531-90388-0_3
Olson GOlson J(2003)Human-Computer Interaction: Psychological Aspects of the Human Use of ComputingAnnual Review of Psychology10.1146/annurev.psych.54.101601.14504454:1(491-516)Online publication date: Feb-2003
https://doi.org/10.1146/annurev.psych.54.101601.145044
JOHN BVERA ANEWELL A(1994)Towards real-time GOMS: a model of expert behaviour in a highly interactive taskBehaviour & Information Technology10.1080/0144929940891460513:4(255-267)Online publication date: Jul-1994
https://doi.org/10.1080/01449299408914605
Yang BYu Q(2017)An Approach of Test Case Generation for Spreadsheet CellsAdvances in Computer Science and Ubiquitous Computing10.1007/978-981-10-7605-3_3(15-20)Online publication date: 20-Dec-2017
https://doi.org/10.1007/978-981-10-7605-3_3
Magrabi FCzerwinski MLund ATan D(2008)Using cognitive models to evaluate safety-critical interfaces in healthcareCHI '08 Extended Abstracts on Human Factors in Computing Systems10.1145/1358628.1358892(3567-3572)Online publication date: 5-Apr-2008
https://dl.acm.org/doi/10.1145/1358628.1358892
Obrenović ŽGašević D(2008)End-User Service ComputingIEEE Transactions on Services Computing10.1109/TSC.2008.161:4(229-242)Online publication date: 1-Oct-2008
https://dl.acm.org/doi/10.1109/TSC.2008.16
Abraham RErwig MBossi AMaher M(2006)Type inference for spreadsheetsProceedings of the 8th ACM SIGPLAN international conference on Principles and practice of declarative programming10.1145/1140335.1140346(73-84)Online publication date: 10-Jul-2006
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Abraham RErwig MOsterweil LRombach DSoffa M(2006)Inferring templates from spreadsheetsProceedings of the 28th international conference on Software engineering10.1145/1134285.1134312(182-191)Online publication date: 28-May-2006
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