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

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Author Info
Andersson, Henrik () (VTI)
Lundborg, Petter () (LUCHE)

Additional information is available for the following registered author(s):

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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Publisher Info
Paper provided by Swedish National Road & Transport Research Institute (VTI) in its series Working Papers with number 2006:1.

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Length: 23 pages
Date of creation: 14 Mar 2006
Date of revision:
Publication status: Published in Journal of Risk and Uncertainty, 2007, pages 67-84.
Handle: RePEc:hhs:vtiwps:2006_001

Contact details of provider:
Postal: VTI, Transport Economics, P.O. Box 6056, SE-171 06 Solna, Sweden
Phone: +46-13-20 40 00
Fax: +46-13-14 14 36
Email:
Web page: http://www.vti.se/tek
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Related research
Keywords: Bayesian learning; Overall risk; Peers; Road-traffic risk;

Find related papers by JEL classification:
C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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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.:
  1. Lundborg, Petter & Lindgren, Bjorn, 2002. " Risk Perceptions and Alcohol Consumption among Young People," Journal of Risk and Uncertainty, Springer, vol. 25(2), pages 165-83, September. [Downloadable!] (restricted)
  2. Antonanzas, Fernando, et al, 2000. " Smoking Risks in Spain: Part I--Perception of Risks to the Smoker," Journal of Risk and Uncertainty, Springer, vol. 21(2-3), pages 161-86, November. [Downloadable!] (restricted)
  3. Viscusi, W Kip, 1991. "Age Variations in Risk Perceptions and Smoking Decisions," The Review of Economics and Statistics, MIT Press, vol. 73(4), pages 577-88, November. [Downloadable!] (restricted)
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    Other versions:
  5. Smith, V Kerry & Johnson, F Reed, 1988. "How Do Risk Perceptions Respond to Information? The Case of Radon," The Review of Economics and Statistics, MIT Press, vol. 70(1), pages 1-8, February. [Downloadable!] (restricted)
  6. Viscusi, W Kip, 1985. "Are Individuals Bayesian Decision Makers?," American Economic Review, American Economic Association, vol. 75(2), pages 381-85, May. [Downloadable!] (restricted)
  7. Olivier Armantier, 2006. "Estimates of Own Lethal Risks and Anchoring Effects," CIRANO Working Papers 2006s-14, CIRANO. [Downloadable!]
    Other versions:
  8. 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)
  9. 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)
  10. Glenn C. Blomquist, 2004. "Self-Protection and Averting Behavior, Values of Statistical Lives, and Benefit Cost Analysis of Environmental Policy," Review of Economics of the Household, Springer, vol. 2(1), pages 89-110, 03. [Downloadable!]
  11. Dickie, Mark & Gerking, Shelby, 1996. "Formation of Risk Beliefs, Joint Production and Willingness to Pay to Avoid Skin Cancer," The Review of Economics and Statistics, MIT Press, vol. 78(3), pages 451-63, August. [Downloadable!] (restricted)
  12. Ted Gayer & James T. Hamilton & W. Kip Viscusi, 2000. "Private Values Of Risk Tradeoffs At Superfund Sites: Housing Market Evidence On Learning About Risk," The Review of Economics and Statistics, MIT Press, vol. 82(3), pages 439-451, August. [Downloadable!] (restricted)
  13. V. Kerry Smith & Donald H. Taylor Jr. & Frank A. Sloan, 2001. "Longevity Expectations and Death: Can People Predict Their Own Demise?," American Economic Review, American Economic Association, vol. 91(4), pages 1126-1134, September. [Downloadable!] (restricted)
    Other versions:
  14. Persson, Ulf, et al, 2001. " The Value of a Statistical Life in Transport: Findings from a New Contingent Valuation Study in Sweden," Journal of Risk and Uncertainty, Springer, vol. 23(2), pages 121-34, September. [Downloadable!] (restricted)
  15. Hammitt, James K & Graham, John D, 1999. "Willingness to Pay for Health Protection: Inadequate Sensitivity to Probability?," Journal of Risk and Uncertainty, Springer, vol. 18(1), pages 33-62, April. [Downloadable!] (restricted)
  16. Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-91, March. [Downloadable!] (restricted)
  17. 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)
  18. 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)
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