Evaluating the Measurement of Household Expectations with Audio Recordings and Machine Learning

Javier J. Alonso Co-Author
Bank of Spain
 
Laura Crespo Co-Author
 
Nicolás Forteza First Author
Bank of Spain
 
Nicolás Forteza Presenting Author
Bank of Spain
 
Wednesday, Aug 7: 11:05 AM - 11:20 AM
2899 
Contributed Papers 
Oregon Convention Center 
In survey methodology, general compliance with protocols and individual interviewer performance has been analyzed with audio recordings. This is a resource intensive task since audios listening must be performed. On the other hand, little work has been done in analyzing subjective probabilistic expectations questions. In economics, agents form expectations for unknown quantities to take decisions, and very often the research problem is to infer the subjective probability distributions that express such expectations. In this paper, we develop a state-of-the-art audio transcription and speaker diarization machine learning pipeline and apply it to audio recordings of a subjective probabilistic expectations question from the Spanish Survey of Household Finances. We first compare the variables from the pipeline with a question evaluation sheet completed by the survey team. Then, we evaluate the interviewer question reading behavior using novel natural language processing techniques. We find that the extracted audio features are useful for assessing compliance, interviewer performance and for detecting biased responses from interviewer-induced household probabilistic expectations.

Keywords

Machine Learning

Audio Transcription

Survey Methodology

Household Expectations 

Main Sponsor

Survey Research Methods Section