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- W4380853365 abstract "Numeracy is individuals’ capacity to understand and process basic probability and numerical information required to make decisions. We conducted a Replication Registered Report of Peters et al. (2006) examining numeracy as a predictor of positive-negative framing effect (Study 1), frequency-percentage effect (Study 2), ratio effect (Study 3), and bets effect (Study 4). With an online US American Amazon Mechanical Turk sample (N = 860), our replication using the target’s dichotomizing of the numeracy measure found support for the original findings regarding interactions between numeracy and three decision-making effects. Numeracy was associated with weaker framing effect (η2p = 0.01, 90% CI [0.00, 0.02]), weaker ratio bias (Cramer’s V = 0.17, 95% CI [0.10, 0.24]), and stronger bets effect (η2p = 0.02, 90% CI [0.01, 0.04]), yet we found no support for the frequency-percentage effect (η2p = 0.00, 90% CI [0.00, 0.01]). However, we found support for associations with all four studies when treating numeracy as a continuous variable. We extended the replication to examine confidence, yet the results were mixed with support found for only three conditions (Study 1 positive framing condition: r = -0.11, 95% CI [-0.20, -0.02]; Study 3: r = 0.15, 95% CI [0.08, 0.21]; Study 4 no-loss bet condition: r = 0.10, 95% CI [0.01, 0.20]), suggesting a much weaker and more complex relationship than anticipated. Materials, data, and code are available on: https://osf.io/4hjck/." @default.
- W4380853365 created "2023-06-16" @default.
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- W4380853365 date "2023-01-01" @default.
- W4380853365 modified "2023-10-01" @default.
- W4380853365 title "Revisiting the Links Between Numeracy and Decision Making: Replication Registered Report of Peters et al. (2006) With an Extension Examining Confidence" @default.
- W4380853365 doi "https://doi.org/10.1525/collabra.77608" @default.
- W4380853365 hasPublicationYear "2023" @default.
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