5,836 research outputs found
Communicating uncertainty using words and numbers
Life in an increasingly information-rich but highly uncertain world calls for an effective means of communicating uncertainty to a range of audiences. Senders prefer to convey uncertainty using verbal (e.g. likely) rather than numeric (e.g. 75% chance) probabilities, even in consequential domains such as climate science. However, verbal probabilities can convey something other than uncertainty, and senders may exploit this. For instance, senders can maintain credibility after making erroneous predictions. While verbal probabilities afford ease of expression, they can be easily misunderstood, and the potential for miscommunication is not effectively mitigated by assigning (imprecise) numeric probabilities to words. When making consequential decisions, recipients prefer (precise) numeric probabilities
Beyond subjective and objective in statistics
We argue that the words "objectivity" and "subjectivity" in statistics
discourse are used in a mostly unhelpful way, and we propose to replace each of
them with broader collections of attributes, with objectivity replaced by
transparency, consensus, impartiality, and correspondence to observable
reality, and subjectivity replaced by awareness of multiple perspectives and
context dependence. The advantage of these reformulations is that the
replacement terms do not oppose each other. Instead of debating over whether a
given statistical method is subjective or objective (or normatively debating
the relative merits of subjectivity and objectivity in statistical practice),
we can recognize desirable attributes such as transparency and acknowledgment
of multiple perspectives as complementary goals. We demonstrate the
implications of our proposal with recent applied examples from pharmacology,
election polling, and socioeconomic stratification.Comment: 35 page
The framing of risks and the communication of subjective probabilities for victimizations
What does ‘likely' mean, when respondents estimate the risk to become a victim of crime? Victimization risks can either be interpreted as gains ("being spared of offences”) or as losses ("becoming a victim of crime”). Because losses are perceived as more severe, respondents will state lower subjective victimization probabilities in the loss-frame, compared to the gain-frame. We demonstrate such a framing-effect with data from an experimental survey. Furthermore, we show that the meaning of vague quantifiers varies with the frequency and the severity of the event. Respondents assign to the same vague quantifiers (e.g. ‘unlikely') higher likelihoods in terms of percentages for frequent and for less severe events than for infrequent and for severe events. In conclusion, respondents do not use vague quantifiers consistently so that it is problematic to compare subjective risks for different victimization
Decision-Making with Belief Functions: a Review
Approaches to decision-making under uncertainty in the belief function
framework are reviewed. Most methods are shown to blend criteria for decision
under ignorance with the maximum expected utility principle of Bayesian
decision theory. A distinction is made between methods that construct a
complete preference relation among acts, and those that allow incomparability
of some acts due to lack of information. Methods developed in the imprecise
probability framework are applicable in the Dempster-Shafer context and are
also reviewed. Shafer's constructive decision theory, which substitutes the
notion of goal for that of utility, is described and contrasted with other
approaches. The paper ends by pointing out the need to carry out deeper
investigation of fundamental issues related to decision-making with belief
functions and to assess the descriptive, normative and prescriptive values of
the different approaches
Words or numbers? Communicating probability in intelligence analysis
Intelligence analysis is fundamentally an exercise in expert judgment made under conditions of uncertainty. These judgments are used to inform consequential decisions. Following the major intelligence failure that led to the 2003 war in Iraq, intelligence organizations implemented policies for communicating probability in their assessments. Virtually all chose to convey probability using standardized linguistic lexicons in which an ordered set of select probability terms (e.g., highly likely) is associated with numeric ranges (e.g., 80-90%). We review the benefits and drawbacks of this approach, drawing on psychological research on probability communication and studies that have examined the effectiveness of standardized lexicons. We further discuss how numeric probabilities can overcome many of the shortcomings of linguistic probabilities. Numeric probabilities are not without drawbacks (e.g., they are more difficult to elicit and may be misunderstood by receivers with poor numeracy). However, these drawbacks can be ameliorated with training and practice, whereas the pitfalls of linguistic probabilities are endemic to the approach. We propose that, on balance, the benefits of using numeric probabilities outweigh their drawbacks. Given the enormous costs associated with intelligence failure, the intelligence community should reconsider its reliance on using linguistic probabilities to convey probability in intelligence assessments. Our discussion also has implications for probability communication in other domains such as climate science
The Jeffreys-Lindley Paradox and Discovery Criteria in High Energy Physics
The Jeffreys-Lindley paradox displays how the use of a p-value (or number of
standard deviations z) in a frequentist hypothesis test can lead to an
inference that is radically different from that of a Bayesian hypothesis test
in the form advocated by Harold Jeffreys in the 1930s and common today. The
setting is the test of a well-specified null hypothesis (such as the Standard
Model of elementary particle physics, possibly with "nuisance parameters")
versus a composite alternative (such as the Standard Model plus a new force of
nature of unknown strength). The p-value, as well as the ratio of the
likelihood under the null hypothesis to the maximized likelihood under the
alternative, can strongly disfavor the null hypothesis, while the Bayesian
posterior probability for the null hypothesis can be arbitrarily large. The
academic statistics literature contains many impassioned comments on this
paradox, yet there is no consensus either on its relevance to scientific
communication or on its correct resolution. The paradox is quite relevant to
frontier research in high energy physics. This paper is an attempt to explain
the situation to both physicists and statisticians, in the hope that further
progress can be made.Comment: v4: Continued editing for clarity. Figure added. v5: Minor fixes to
biblio. Same as published version except for minor copy-edits, Synthese
(2014). v6: fix typos, and restore garbled sentence at beginning of Sec 4 to
v
- …