Can using logarithms overcome scope insensitivity bias?
- You describe an undesirable event to people,
- tell them that X instances of the event can be prevented, and
- ask them what they would be willing to pay in order to prevent those X instances.
- The responses you get (Y) are not even close to being linear with respect to X, but rather
- the responses are roughly logarithmic. That is, X=ABY, or Y=logB(X/A) for some constants A and B.
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answers
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Answer it!
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What I often do (for physics) is use Google Scholar to find interesting articles, then look for the corresponding preprints directly on arXiv.
With regard to the uniform sensitivity comment, I am aware of that. However, there are some situations in which uniform sensitivity might not be a good thing: e.g. "this leads to three cases of cancer" vs "this leads to three hundred cases of cancer".
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