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Perception of Own Death Risk: A Reassessment of Road-Traffic Mortality Risk

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Abstract

This study examines individuals' perception of their own road-mortality risk. Swedish data on respondents' subjective risk beliefs is used and compared with objective risk estimates. The objective risk is defined as the risk of the respondent's own age and gender group, and it is found that low and high risk groups over- and underassess their risk levels, respectively. This study replicates the analysis used by Andersson and Lundborg (2007) and the pattern of over- and underassessment found confirms their findings. As in their study, risk beliefs are updated in line with the Bayesian learning model, a relationship not statistically significant in this study, though. Regarding results of individual characteristics and risk beliefs in both studies, whereas, e.g., gender effects are robust, other results suggest a weak relationship between the perception of own road-mortality risk and individual characteristics.

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File URL: http://www.transportportal.se/SWoPEc/Andersson_Risk_perc_road.pdf
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Bibliographic Info

Paper provided by Swedish National Road & Transport Research Institute (VTI) in its series Working Papers with number 2008:11.

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Length: 20 pages
Date of creation: 07 Oct 2008
Date of revision:
Publication status: Published as Andersson, Henrik, 'Perception of Own Death Risk: An Assessment of Road-Traffic Mortality Risk' in Risk Analysis, 2011, pages 1069-1082.
Handle: RePEc:hhs:vtiwps:2008_011

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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
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Web page: http://www.vti.se/tek
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Keywords: Bayesian learning; Overall risk; Peers; Road-traffic risk;

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  1. Andersson, Henrik, 2006. "Willingness to Pay for Road Safety and Estimates of the Risk of Death: Evidence from a Swedish Contingent Valuation Study," Working Papers, Swedish National Road & Transport Research Institute (VTI) 2006:5, Swedish National Road & Transport Research Institute (VTI).
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  3. Lundborg, Petter & Andersson, Henrik, 2008. "Gender, risk perceptions, and smoking behavior," Journal of Health Economics, Elsevier, Elsevier, vol. 27(5), pages 1299-1311, September.
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Cited by:
  1. Andersson, Henrik & Hammitt, James & Lindberg, Gunnar & Sundström, Kristian, 2011. "Willingness to Pay and Sensitivity to Time Framing: A Theoretical Analysis and an Application on Car Safety," LERNA Working Papers, LERNA, University of Toulouse 11.20.354, LERNA, University of Toulouse.

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