Working Papers, Swedish National Road & Transport Research Institute (VTI)
No 2006:1:
Perception of Own Death Risk: An Analysis of Road-Traffic and Overall Mortality Risks
Henrik Andersson ()
and Petter Lundborg ()
Abstract: Individuals' perception of their own road-traffic and
overall mortality risks are examined in this paper. Perceived risk is
compared with the objective risk of the respondents' peers, i.e. their own
gender and age group, and the results suggest that individuals' risk
perception of their own risk is biased. For road-traffic risk we obtain
similar results to what have been found previously in the literature,
overassessment and underassessment among low- and high-risk groups,
respectively. For overall risk we find that all risk groups underestimate
their risk. The results also indicate that men's risk bias is larger than
women's.
Keywords: Bayesian learning; Overall risk; Peers; Road-traffic risk; (follow links to similar papers)
JEL-Codes: C21; D81; D83; I18; (follow links to similar papers)
23 pages, March 14, 2006
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- This paper is published as:
-
Andersson, Henrik and Petter Lundborg, (2007), 'Perception of Own Death Risk: An Analysis of Road-Traffic and Overall Mortality Risks', Journal of Risk and Uncertainty, Vol. 34, No. 1, pages 67-84
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