Perception of own death risk |
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| Authors: | Henrik Andersson Petter Lundborg |
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| Affiliation: | (1) Department of Transport Economics, Swedish National Road and Transport Research Institute (VTI), P.O. Box 55685, SE-102 15, Stockholm, Sweden;(2) Department of Economics, Free University Amsterdam, Tinbergen Institute, Lund University Centre for Health Economics, Lund, The Netherlands |
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| 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. |
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| Keywords: | Bayesian learning Overall risk Peers Road-traffic risk |
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