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{ "pk": 27904, "title": "High Chances and Close Margins: How Different Forecast Formats Shape Beliefs", "subtitle": null, "abstract": "While a large literature has studied how people make\nforecasts, less is known about how lay people process\nand interpret forecasts presented to them. We contrast\ntwo common ways of communicating an uncertain fore-\ncast, as either a chance (e.g., the probability of winning)\nor as an expected margin (e.g., the point spread). Across\nfive studies, we find a robust chance-margin discrepan-\ncy: people tend to treat a chance forecast as conveying\ngreater probability of the higher-likelihood outcome than\nthe statistically equivalent margin forecast", "language": "eng", "license": { "name": "", "short_name": "", "text": null, "url": "" }, "keywords": [ { "word": "Judgment; Decision Making; Linguistic Priming; Intertemporal Choice; Inference" } ], "section": "Publication-based-Talks", "is_remote": true, "remote_url": "https://escholarship.org/uc/item/64f2v89r", "frozenauthors": [ { "first_name": "Oleg", "middle_name": "", "last_name": "Urminsky", "name_suffix": "", "institution": "UChicago", "department": "" }, { "first_name": "Lucy", "middle_name": "", "last_name": "Shen", "name_suffix": "", "institution": "Chinese University of Hong Kong", "department": "" }, { "first_name": "Sondre", "middle_name": "", "last_name": "Nero", "name_suffix": "", "institution": "UChicago", "department": "" } ], "date_submitted": null, "date_accepted": null, "date_published": "2018-01-01T18:00:00Z", "render_galley": null, "galleys": [ { "label": "PDF", "type": "pdf", "path": "https://journalpub.escholarship.org/cognitivesciencesociety/article/27904/galley/17542/download/" } ] }