A series of four studies explored how the ability to comprehend and transform probability numbers relates to performance on judgment and decision tasks. On the surface, the tasks in the four studies appear to be
or education. In other research looking at decision making within the Medicare Part D environment,Szrek and Bundorf (2011, 2013)reported similar findings, showing that numeracy plays a key, and unique, role in the decision-making process. Thus, our earlier studies (Hanoch et al., 2011; Wood...
How numeracy influences risk comprehension and medical decision making. The Role of Numeracy in Understanding the Benefit of Screening Mammography General performance on a numeracy scale among highly educated samples. Measuring numeracy without a math test: development of the Subjective Numeracy Scale. ...
The Madrid International Plan of Action on Ageing recommends, among other things, taking into account the needs and concerns of older persons in decision-making at all levels, including their participation in the labour market and in voluntary activities, access to knowledge, education and literacy,...
things, taking into account the needs and concerns of older persons in decision-making at all levels, including their participation in the labour market and in voluntary activities, access to knowledge, education and literacy, numeracy and technological training, and to social protection and security...
15,21 As previously illustrated, antibiotic misuse is associated with high rates of self-medication and nonadherence, and with the emergence of microbial resistance.7, 8, 9, 10 In addition, antibiotic use requires numeracy skills of problem solving, decision making, counting, reading labels and ...
Data science and analytics is increasingly important in corporate and government decision-making. More and more, we need to understand at least the basics about data and analysis, so that we can understand how decisions are being made about and for us. ...
May Mobility isn’t new to this game. Backed by Toyota, BMW, and other major players, it’s been running AV services in geofenced areas since 2021. Its AI-powered Multi-Policy Decision Making (MPDM) tech allows it to react quickly and safely to unpredictable real-world conditions—something...
Intertemporal decision-making (consumption vs. saving) is strongly affected by price fluctuation (Yamamori, Iwata, & Ogawa, 2018). At an individual level, money illusion has usually been measured via questionnaires (Cipriani et al., 2008, Mees and Franses, 2014, Shafir et al., 1997, Shiller,...
(2015) define numeracy as the capacity to understand and manipulate basic mathematical concepts, which in turn are important in a wide variety of decision-making situations. People who have this ability at an advanced level are more able to take the correct decisions, i.e., they have the ...