Measurement Errors in Probability Judgments

• Main Authors: OFIR, Chezy, REDDY, Srinivas K.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 1996
• Subjects: subjective uncertainty; subjective probability; rating scales; covariance structure models; reliability; method variance; Management Sciences and Quantitative Methods
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/2986
• Institution: Singapore Management University

This paper investigates the psychometric properties of three measures of subjective uncertainty-a zero-to-hundred subjective probability scale and two seven point rating scales. Individual level analysis applied to data obtained from two separate studies suggests that the scales produce fairly simil...