Navigating Qualitative Assessments of Chance: Quantifying Individual Perceptions of Distinct Expressions

Often, humans must rely on their innate ability to describe the perceived chance of an event occurring using qualitative phrases, rather than quantitative values. These qualitative phrases often lead to a spectrum of meaning across individuals. Our aim in this study was two-fold; first, to distinguish a quantitative spectrum for these qualitative phrases, and second, to determine which of these phrases produced the largest variance between individuals. Personal differences were also looked at to determine if personality may play a role in these variations.