Verbal and numerical expressions of probability: "It's a fifty-fifty chance"

Citation
Wb. De Bruin et al., Verbal and numerical expressions of probability: "It's a fifty-fifty chance", ORGAN BEHAV, 81(1), 2000, pp. 115-131
Citations number
50
Categorie Soggetti
Management
Journal title
ORGANIZATIONAL BEHAVIOR AND HUMAN DECISION PROCESSES
ISSN journal
07495978 → ACNP
Volume
81
Issue
1
Year of publication
2000
Pages
115 - 131
Database
ISI
SICI code
0749-5978(200001)81:1<115:VANEOP>2.0.ZU;2-S
Abstract
When estimating risks, people may use "50" as an expression of the verbal p hrase "fifty-fifty chance," without intending the associated number of 50%. The result is an excess of 50s in the response distribution. The present s tudy examined factors determining the magnitude of such a "50 blip," using a large sample of adolescents and adults. We found that phrasing probabilit y questions in a distributional format (asking about risks as a percentage in a population) rather than in a singular format (asking about risks to an individual) reduced the use of "50." Less numerate respondents, children, and less educated adults were more likely to say "50," Finally, events that evoked feelings of less perceived control led to more 50s. The results are discussed in terms of what they reveal about how people express epistemic uncertainty. (C) 2000 Academic Press.