Perception of Own Death Risk: An Analysis of Road-Traffic and Overall Mortality Risks

Henrik Andersson and Petter Lundborg

No 2006:1, Working Papers from Swedish National Road & Transport Research Institute (VTI)

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 (search for similar items in EconPapers)
JEL-codes: C21 D81 D83 I18 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2006-03-14
New Economics Papers: this item is included in nep-hea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Published in Journal of Risk and Uncertainty, 2007, pages 67-84.

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Persistent link: https://EconPapers.repec.org/RePEc:hhs:vtiwps:2006_001

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