Inferring uncertainty from interval estimates: Effects of alpha level and numeracy

Interval estimates are commonly used to descriptively communicate the degree of uncertainty in numerical values. Conventionally, low alpha levels (e.g., .05) ensure a high probability of capturing the target value between interval endpoints. Here, we test whether alpha levels and individual differen...

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Bibliographic Details
Main Authors: Luke F. Rinne, Michele M. M. Mazzocco
Format: Article
Language:English
Published: Society for Judgment and Decision Making 2013-05-01
Series:Judgment and Decision Making
Subjects:
Online Access:http://journal.sjdm.org/12/12918/jdm12918.pdf