You say "probable" and I say "likely": improving interpersonal communication with verbal probability phrases.

@article{Karelitz2004YouS,
  title={You say "probable" and I say "likely": improving interpersonal communication with verbal probability phrases.},
  author={Tzur M. Karelitz and David V. Budescu},
  journal={Journal of experimental psychology. Applied},
  year={2004},
  volume={10 1},
  pages={25-41}
}
When forecasters and decision makers describe uncertain events using verbal probability terms, there is a risk of miscommunication because people use different probability phrases and interpret them in different ways. In an effort to facilitate the communication process, the authors investigated various ways of converting the forecasters' verbal probabilities to the decision maker's terms. The authors present 3 studies in which participants judged the probabilities of distinct events using both… CONTINUE READING

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