Elicited probabilities have been shown to effectively explain and predict behaviour. Their elicitation is typically facilitated by visual aids, such as beads or beans. In this study, we introduce a novel aid, consisting of a cardboard-based slider, to facilitate probability elicitation among populations with low levels of education. Unlike discrete aids, such as beads, the slider allows respondents to report probabilities on a continuous scale, which is particularly advantageous for statistical inference and econometric modelling. To compare the effectiveness of these aids, we conducted four survey experiments: two in Nigeria, one in Honduras, and one in Spain. These experiments assessed the validity of elicited expectations using both visual aids. We find no significant differences in participants’ understanding of basic probability concepts or in the time required to complete the task. However, we find that the slider yields more precise measures (lower variance) than beads. These results suggest that comprehension remains consistent across both aids, but that the slider improves the precision of subjective probability elicitation in the field.
| Repository name | URI |
|---|---|
| Reproducible Research Repository (World Bank) | https://reproducibility.worldbank.org |
Paper exhibits were reproduced on a computer with the following specifications:
• OS: Windows 11 Enterprise
• Processor: Intel(R) Core(TM) Ultra 7 165U @ 2.60GHz
• Memory available: 31 GB
• Software version: Stata 19 MP
~2 minutes runtime.
To reproduce the findings in this study, please follow the steps below:
00_Masterfile.do.All data sources are publicly available and included in the reproducibility package
| Author | Affiliation | |
|---|---|---|
| Ericka Gabriela Rascon Ramirez | Middlesex University and CIDE | ericka.rascon@cide.edu |
| Lorenzo Estepa Mohedano | LoyolaBehLab, ETEA-Development Institute and Universidad Loyola Andalucia | lorenzo.estepa@fundacionetea.org |
| Diego Jorrat | Department of Applied Economics at Universidad de Sevilla | dajorrat@gmail.com |
| Victor Orozco | World Bank | vorozco@worldbank.org |
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| Location | Code |
|---|---|
| World | WLD |
The materials in the reproducibility packages are distributed as they were prepared by the staff of the International Bank for Reconstruction and Development/The World Bank. The findings, interpretations, and conclusions expressed in this event do not necessarily reflect the views of the World Bank, the Executive Directors of the World Bank, or the governments they represent. The World Bank does not guarantee the accuracy of the materials included in the reproducibility package.
| Name | URI |
|---|---|
| Modified BSD3 | https://opensource.org/license/bsd-3-clause/ |
| Name | Affiliation | |
|---|---|---|
| Ericka Gabriela Rascon Ramirez | Middlesex University and CIDE | ericka.rascon@cide.edu |
| Reproducibility WBG | World Bank | reproducibility@worldbank.org |
| Name | Abbreviation | Affiliation | Role |
|---|---|---|---|
| Reproducibility WBG | DECDI | World Bank - Development Impact Department | Verification and preparation of metadata |
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