Related Experiment Video
Updated: Jul 5, 2026

Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
Published on: September 19, 2012
Numeracy and the perception and communication of risk
1Decision Research, 1201 Oak Street, Suite 200, Eugene, OR 97401, USA. empeters@decisionresearch.org
Abstract:
In the present paper, I focus on a small but important piece of the risk communication/perception puzzle, namely how individuals who differ in number ability comprehend and use numeric information about risks differently. Highly numerate individuals appear to pay more attention to numbers, better comprehend them, translate them into meaningful information, and ultimately use them in decisions. Decisions of the less numerate are informed less by numbers and more by other non-numeric sources of information, such as their emotions, mood states, and trust or distrust in science, the government, and experts. Careful attention to information presentation, however, allows the less numerate to understand and use numbers more effectively in decisions. As a result, the challenge is not merely to communicate accurate information to the public but to understand how to present that information so that it is used in risky decisions.
Related Concept Videos
Types of Biopharmaceutical Studies: Controlled and Non-Controlled Approaches
Non-controlled studies, commonly employed for initial exploration, lack a control group, rendering them susceptible to biases and external influences. In contrast, controlled...
Uncertainty in Measurement: Reading Instruments
Relative Risk
How Data are Classified: Numerical Data
Quantitative data may be either discrete or continuous. All quantitative data that take on only specific numerical...
Numerical Calculations
The solution to a problem is obtained using different methods. While manually solving algebraic symbols is one of the most common methods, the graphical method is often preferred. Computers...
Significant Figures in Calculations
