Toward a Universal Translator of Verbal Probabilities
Tzur M. Karelitz, Mandeep Kaur Dhami, David V. Budescu, Thomas S. Wallsten · 2002
When forecasters and decision-makers use different phrases to refer to the same event, there is opportunity for errors in communication.! In an effort to facilitate the communication process, we investigated various ways of "translating " a forecaster's verbal probabilities to a decision-maker's prob-ability phrases.! We describe a blueprint for a general trans-lator of verbal probabilities and report results from two em-pirical studies.! The results support the proposed methods and document the beneficial effects of two, relatively simple translation methods.