This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Estimates of Own Lethal Risks and Anchoring Effects Author info | Abstract | Publisher info | Download info | Related research | Statistics Olivier Armantier ()
Additional information is available for the following
registered author(s):
The paper reports on an experiment testing whether agents perceive correctly the lethal risks they face personally. The results suggest that subjects exhibit comparable biases when making predictions for their own-age-cohort, or for the entire population (i.e. agents overestimate rare risks, and underestimate common risks). The hypothesis that agents have better knowledge of their own risks, however, cannot be dismissed entirely, as responses in the own-age-cohort survey are more homogenous and better ordered. Finally, it is shown that administering surveys in succession can generate anchoring effects, which may explain why our conclusions differ markedly from a previous study. Copyright Springer Science + Business Media, Inc. 2006
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Article provided by Springer in its journal Journal of Risk and Uncertainty .
Volume (Year): 32 (2006)
Issue (Month): 1 (January)
Pages: 37-56
Download reference. The following formats are available: HTML ,
plain text ,
BibTeX ,
RIS (EndNote),
ReDIF
Handle: RePEc:kap:jrisku:v:32:y:2006:i:1:p:37-56Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=100299
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Keywords: Risks perception Health and safety hazard Anchoring Rational expectation Other versions of this item:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Dufwenberg, Martin & Gneezy, Uri, 2000.
"Measuring Beliefs in an Experimental Lost Wallet Game ,"
Games and Economic Behavior ,
Elsevier, vol. 30(2), pages 163-182, February.
[Downloadable!] (restricted)
Benjamin, Daniel K & Dougan, William R & Buschena, David, 2001.
" Individuals' Estimates of the Risks of Death: Part II--New Evidence ,"
Journal of Risk and Uncertainty ,
Springer, vol. 22(1), pages 35-57, January.
[Downloadable!] (restricted)
Francois Salanie & Nicolas Treich, 2002.
"Regulating an agent with different beliefs ,"
University of California at Santa Barbara, Economics Working Paper Series
6-02, Department of Economics, UC Santa Barbara.
[Downloadable!]
Other versions: Chaim Fershtman & Uri Gneezy & Frank Verboven, 2005.
"Discrimination and Nepotism: The Efficiency of the Anonymity Rule ,"
Journal of Legal Studies ,
University of Chicago Press, vol. 34, pages 371-396.
[Downloadable!]
Other versions: Olivier Armantier & Nicolas Treich, 2006.
"Overbidding in Independant Private-Values Auctions and Misperception of Probabilities ,"
CIRANO Working Papers
2006s-15, CIRANO.
[Downloadable!]
Emmanuel Flachaire, 2001.
"The Wild Bootstrap, Tamed at Last ,"
STICERD - Distributional Analysis Research Programme Papers
58, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
[Downloadable!]
Other versions:
Russell Davidson & Emmanuel Flachaire, 2001.
"The Wild Bootstrap, Tamed at Last ,"
Working Papers
1000, Queen's University, Department of Economics.
[Downloadable!] Russell Davidson & Emmanuel Flachaire, 2000.
"The Wild Bootstrap, Tamed at Last ,"
Econometric Society World Congress 2000 Contributed Papers
1413, Econometric Society.
[Downloadable!] Davidson, R. & Flachaire, E., 1999.
"The Wild Bootstrap, Tamed at Last ,"
G.R.E.Q.A.M.
99a32, Universite Aix-Marseille III.
Newey, Whitney K & West, Kenneth D, 1987.
"Hypothesis Testing with Efficient Method of Moments Estimation ,"
International Economic Review ,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 28(3), pages 777-87, October.
[Downloadable!] (restricted)
Viscusi, W Kip & Hakes, Jahn K & Carlin, Alan, 1997.
"Measures of Mortality Risks ,"
Journal of Risk and Uncertainty ,
Springer, vol. 14(3), pages 213-33, May-June.
[Downloadable!] (restricted)
Murnighan, J. Keith & Saxon, Michael Scott, 1998.
"Ultimatum bargaining by children and adults ,"
Journal of Economic Psychology ,
Elsevier, vol. 19(4), pages 415-445, August.
[Downloadable!] (restricted)
Gerking, Shelby & de Haan, Menno & Schulze, William, 1988.
" The Marginal Value of Job Safety: A Contingent Valuation Study ,"
Journal of Risk and Uncertainty ,
Springer, vol. 1(2), pages 185-99, June.
Viscusi, W Kip & O'Connor, Charles J, 1984.
"Adaptive Responses to Chemical Labeling: Are Workers Bayesian Decision Makers? ,"
American Economic Review ,
American Economic Association, vol. 74(5), pages 942-56, December.
[Downloadable!] (restricted)
Emmanuel Flachaire, 2005.
"More efficient tests robust to heteroskedasticity of unknown form ,"
Université Paris1 Panthéon-Sorbonne, Post-Print
halshs-00175914_v1, HAL.
[Downloadable!]
Other versions: Viscusi, W Kip, 1993.
"The Value of Risks to Life and Health ,"
Journal of Economic Literature ,
American Economic Association, vol. 31(4), pages 1912-46, December.
[Downloadable!] (restricted)
White, Halbert, 1980.
"A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity ,"
Econometrica ,
Econometric Society, vol. 48(4), pages 817-38, May.
[Downloadable!] (restricted)
Bolle, Friedel, 1990.
"High reward experiments without high expenditure for the experimenter? ,"
Journal of Economic Psychology ,
Elsevier, vol. 11(2), pages 157-167, June.
[Downloadable!] (restricted)
Flachaire, Emmanuel, 2005.
"Bootstrapping heteroskedastic regression models: wild bootstrap vs. pairs bootstrap ,"
Computational Statistics & Data Analysis ,
Elsevier, vol. 49(2), pages 361-376, April.
[Downloadable!] (restricted)
Other versions: Hakes, Jahn K & Viscusi, W Kip, 1997.
"Mortality Risk Perceptions: A Bayesian Reassessment ,"
Journal of Risk and Uncertainty ,
Springer, vol. 15(2), pages 135-50, November.
[Downloadable!] (restricted)
Glenn Harrison & Elisabet Rutström, 2006.
"Eliciting Subjective Beliefs about Mortality Risk Orderings ,"
Environmental & Resource Economics ,
European Association of Environmental and Resource Economists, vol. 33(3), pages 325-346, 03.
[Downloadable!] (restricted)
Frank, Bjorn & Schulze, Gunther G., 2000.
"Does economics make citizens corrupt? ,"
Journal of Economic Behavior & Organization ,
Elsevier, vol. 43(1), pages 101-113, September.
[Downloadable!] (restricted)
Benjamin, Daniel K & Dougan, William R, 1997.
"Individuals' Estimates of the Risks of Death: Part I--A Reassessment of the Previous Evidence ,"
Journal of Risk and Uncertainty ,
Springer, vol. 15(2), pages 115-33, November.
[Downloadable!] (restricted)
Viscusi, W Kip, 1989.
" Prospective Reference Theory: Toward an Explanation of the Paradoxes ,"
Journal of Risk and Uncertainty ,
Springer, vol. 2(3), pages 235-63, September.
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Andersson, Henrik & Lundborg, Petter, 2006.
"Perception of Own Death Risk: An Analysis of Road-Traffic and Overall Mortality Risks ,"
Working Papers
2006:1, Swedish National Road & Transport Research Institute (VTI).
Access and
download statistics Did you know? RePEc and its associated services are free for contributors and users, and do not accept any advertising.
This page was last updated on 2008-8-21.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .