creating a catalog of social currency

FUNDAMENTAL COMPONENTS OF A CATALOG ENTRY 1. name

Give a descriptive title.

SCORING MODEL consumer credit risk assessing creditworthiness (ie. predicting delinquency)

CREDIT SCORE Statistically based model for attributing a number score to a candidate which indicates the predicted probability that it will exhibit a certain behavior.

evaluate with a ranking system based on RISK

[suggested] scoring factors

environment/energy program site/context/public space systems/structure/circulation atmosphere/eect aesthetics/form financial value

CBIP
building retro t precedents

Identify catalytic issues in current zoning, green initiatives and building precedents.

3. recommendation
Propose probability of future design performance and social value assessing failure potential (and success)

Summarized grading system for cross-comparison.

Describe the particulars.

social design CREDIT

5. design solution / proposal

Provide an example in context. creating an exchange market for social currency

RISKworth + RESILIENCE mapping.

state of resilience. Responding to change elastically with quick recovery times. Absorbs disruption through re-organization while retaining the same function, structure and identity. tracking change and consistency through design iterations and states, transitions and thresholds. element exchange cycles High magnitudes of disruption can result in an irreversible transition across a threshold into a new state where a di erent regime of processes and structure takes over. factors of shift. Triggers as catalysts that initiate resilience shift. Feedback mechanisms track relative intensity.

likelihood

impact

RISK [RISK] potential gain

uncertainty

projection of multiple design scenarios [measuring uncertainty] probability assigned to design scenarios

-vs-

uncertainty tied to a value currency [measuring risk] probability and value currency assigned to design scenarios [ SCENARIO EXCHANGE MARKET ]

RISK

re: de ciencies of scoring methods

[RISK] potential loss

[ PARAMETRIC SCENARIO PRODUCTION ] forecasting multiple scenarios

Quantifying the potential of future storylines.

exchanging scenarios based on RISKworth

Deficiencies of Scoring Methods. measurement as an act of reducing uncertainty; not achieving an exact quantity.

Ranking on an Ordinal Scale Relative order of whats being assessed Scores de ne an isolated rank-order

Not a quantitative unit of measure

Likelihood of Occurrence Ranges > 99% > 95%

excellent

very good

good

fair

poor NO magnitude or direction

> 90% > 66% > 50% 33-66%

Additive Weighted Scores (Point System Rating) Addition of mutiple rank-order scores to produce an aggregate score
[ rank order scores ]

good

very good

[ aggregate score ]

only units of measure apply Mathematical laws of addition dont apply to rank-order scores

excellent

Deficiencies of Scoring Methods.

Multiplicative Matrices Multiplication of rank-order scores to produce an aggregate score

only units of measure apply

high

Mathematical laws of multiplication dont apply to rank-order scores [ ordinal scale ]

[ rank order scores ]

perceived impact medium

[ ordinal scale ]

Consequence

likelihood

impact

[ aggregate score ]

RISK

aggregate score no direction

low

ity bil era e] uln l scal V a din [ or

[ rank order scores ]

unlikely

likely

very likely

rank order scores

perceived likelihood

Proposed Alternate Method. RISKworth as quantitative vector

[ vector]

(3rd dimension) change over time

likelihood
[ probability of frequency ]

[ vector]

impact

[ magnitude of intensity ]

[ vector ]

direction and magnitude

RISK
[ design scenario ]

RISKworth
[ vector space ]

pa r] ct

cto

[ vector space ]

RISKworth

threat

vulnerability

consequence

[ aggregate score ]

RISK

im

[ ve

e] cal al s din t [ or rea Th

[ vector ]

RISK

likelihood
[ vector]