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Article

Asking for frequencies rather than percentages increases the validity of subjective probability measures: Evidence from subjective life expectancy

Citation
Comerford DA (2019) Asking for frequencies rather than percentages increases the validity of subjective probability measures: Evidence from subjective life expectancy. Economics Letters, 180, pp. 33-35. https://doi.org/10.1016/j.econlet.2019.04.001

Abstract
Survey measures of subjective expectations manifest anomalies in how people report percentages. The current research finds that frequency-based measures deliver more valid subjective probabilities of living to a given age than do questions that elicit a percentage chance.

Keywords
Expectations; Subjective probabilities; Survival expectations; Numeracy

Journal
Economics Letters: Volume 180

StatusPublished
Author(s)Comerford, David A.
Publication date31/07/2019
Publication date online07/04/2019
Date accepted by journal03/04/2019
URLhttp://hdl.handle.net/1893/29257
PublisherElsevier BV
ISSN0165-1765
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