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来源类型Working Paper
规范类型报告
DOI10.3386/w26125
来源IDWorking Paper 26125
Precise or Imprecise Probabilities? Evidence from Survey Response on Late-onset Dementia
Pamela Giustinelli; Charles F. Manski; Francesca Molinari
发表日期2019-07-29
出版年2019
语种英语
摘要We elicit numerical expectations for late-onset dementia in the Health and Retirement Study. Our elicitation distinguishes between precise and imprecise probabilities, while accounting for rounding of reports. Respondents quantify imprecision using probability intervals. Nearly half of respondents hold imprecise dementia probabilities, while almost a third of precise-probability respondents round their reports. We provide the first empirical evidence on dementia-risk perceptions among dementia-free older Americans and novel evidence about imprecise probabilities in a nationally-representative sample. We show, in a specific framework, that failing to account for imprecise or rounded probabilities can yield incorrect predictions of long-term care insurance purchase decisions.
主题Microeconomics ; Economics of Information ; Health, Education, and Welfare
URLhttps://www.nber.org/papers/w26125
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/583797
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Pamela Giustinelli,Charles F. Manski,Francesca Molinari. Precise or Imprecise Probabilities? Evidence from Survey Response on Late-onset Dementia. 2019.
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