Measuring Revisions to Subjective Expectations
Published in: Journal of risk and uncertainty, v. 36, no. 1, Feb. 2008, p. -82
This paper develops a new metric to measure revisions to subjective expectations and proposes a survey design strategy that enables the estimation of the metric. As an application, the author analyzes how women update their expectations about the effectiveness of contraception methods. The women interviewed exhibit substantial heterogeneity in the way they revise their expectations with receipt of the same information. When relating the heterogeneity in the updating process to observable characteristics, the author finds that schooling, having a regular sexual partner and knowledge and use of birth control methods have a large impact on the revision process about the effectiveness of contraceptives.
- Copyright: Kluwer Academic Publishers
- Availability: Non-RAND
- Pages: 40
- Document Number: EP-200802-08
- Year: 2008
- Series: External Publications
This report is part of the RAND Corporation external publication series. Many RAND studies are published in peer-reviewed scholarly journals, as chapters in commercial books, or as documents published by other organizations.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.