Meteorological Applications · 2019 · 26 citations · 21 references
BusinessDecision SciencesDecision AnalysisDecision TheoryForecastingCommunication About UncertaintyForecast UncertaintyForecasting For Decision SupportForecasting UncertaintyUncertainty CommunicationUncertainty PerceptionCentral Tendency MeasuresDecision Support Under UncertaintyDecision Theory Under Environmental UncertaintyForecast Probability JudgmentsHuman Factors In Forecast InterpretationNatural Hazard AssessmentUncertainty AssessmentUncertainty Interpretation
Abstract Uncertainty information in natural hazard forecasts is increasingly being communicated explicitly. This study was designed to determine whether different ways of communicating uncertainty graphically affects the decisions and interpretations of forecasts and if expertise was a factor in the decisions and interpretations from forecasts explicitly showing uncertainty. In a hypothetical decision‐making task regarding ice thickness and shipping, 138 experts and non‐experts received ice‐thickness forecasts in four different presentations expressing uncertainty: worded probability, spaghetti plot, fan plot and box plot. These forecasts contained no measures of central tendency. There was no consistent difference in decision or best‐guess forecast (deterministic ice thickness forecast based on the forecast representation) between the different forecast representations. However, participants interpreted different amounts of uncertainty across the different forecast representations. Experts made significantly more economically rational decisions than non‐experts, interpreted lower best‐guess forecasts and inferred significantly more uncertainty than non‐experts. These results suggest that care be taken in choosing how uncertainty is represented in forecasts, especially between expert and non‐expert audiences.
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Judgment under Uncertainty: Heuristics and Biases
Amos Tversky, Daniel Kahneman · Science · 1974 · 28K citations
Judgment under Uncertainty: Heuristics and Biases
Amos Tversky, Daniel Kahneman · 1975 · 23.1K citations
Exposition of a New Theory on the Measurement of Risk
Daniel Bernoulli · Econometrica · 1954 · 2.7K citations