The accuracy of young adults' perceptions of how cumulative risks to l
ift, health, and property change over time was tested by asking subjec
ts to judge the long-term probabilities associated with different peri
ods of exposure to risks that are very small in the short term. Proces
s analyses revealed evidence that strategy choice and associated accur
acy depended on context and framing variables. Subjects asked to judge
conjunctive probabilities adopted a variety of strategies, all of whi
ch failed to yield consistently accurate long-term probability judgmen
ts. However, subjects asked to judge disjunctive probabilities often r
eframed the probability questions into questions about the expected nu
mber of times the hazard would strike, which they could answer more ac
curately. Implications of the research for promoting public understand
ing of the long-term implications of cumulative risks are discussed.