2022
DOI: 10.1016/j.obhdp.2022.104166
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What is a “likely” amount? Representative (modal) values are considered likely even when their probabilities are low

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Cited by 4 publications
(7 citation statements)
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“…Participants largely over-estimated the chances of occurrence of the outcome they had predicted, both when they were extreme (hence rare)-when the most likely outcome was chosen. This is consistent with studies showing that the probability of occurrence of multi-outcome events seems not to be based on their absolute chances, but rather upon how likely they are compared with other events in the distribution (Teigen, 2001;Windschitl & Wells, 1998), and also with more recent work on "likely" interval predictions, where participants mostly failed to select an interval wide enough to be statistically probable (Teigen et al, 2022b).…”
Section: Participants Do Not Have a General Preference For Extreme Ou...supporting
confidence: 89%
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“…Participants largely over-estimated the chances of occurrence of the outcome they had predicted, both when they were extreme (hence rare)-when the most likely outcome was chosen. This is consistent with studies showing that the probability of occurrence of multi-outcome events seems not to be based on their absolute chances, but rather upon how likely they are compared with other events in the distribution (Teigen, 2001;Windschitl & Wells, 1998), and also with more recent work on "likely" interval predictions, where participants mostly failed to select an interval wide enough to be statistically probable (Teigen et al, 2022b).…”
Section: Participants Do Not Have a General Preference For Extreme Ou...supporting
confidence: 89%
“…The jeans shrinkage graph was similar, showing seven shrinkage amounts on the horizontal axis ranging from 0.6 to 1.4 cm in increments of 0.2 cm and an approximately normal distribution of frequencies (0, 20, 80 100, 80, 20, and 0). Past work showed that participants from online platforms (like ours) have sufficient levels of numeracy to correctly read the distribution (Teigen et al, 2022b). The vignettes are available on the Open Science Framework.…”
Section: Methodsmentioning
confidence: 97%
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