The values presented in the aggregtion analyses, items Gdpvalue, Agvalue, and Transkm, are not estimates of risk.
Beauchamp JP, Benjamin DJ, Laibson D, Chabris CF. Controlling for the Compromise Effect Debiases Estimates of Risk Preference Parameters.
In negotiation, our overconfidence often manifests as inaccurate, overly optimistic estimates of risk and other unknown quantities.
The nurses' scores were compared to estimates of risk generated by an expert panel.
Lending was based not on estimates of risk but on collateral.
Late fees are designed to discourage bad behavior and are influenced by estimates of risk.
Although these estimates of risk can be accurate, the lists have inevitably become linked to several decision-making processes.
We show that this method generates robust estimates of risk preference parameters that are no longer sensitive to compromise-effect manipulations.
"This research suggests that framing affects estimates of risk, and that current methods of disclosing information are non-optimal," Young and Oppenheimer write in the article.
Published estimates of risk of pipeline failure are typically in the range 1.2 × 10−4 to 6.1 × 10−4 per km yr.
Then, summary estimates of risk difference were then calculated using the random-effect model.
