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Asking for frequencies rather than percentages increases the validity of subjective probability measures: Evidence from subjective life expectancy
- Comerford, David A.
- Economics letters 2019 v.180 pp. 33-35
- economics, longevity, probability, surveys
- 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.