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|Title:||Nominal increases and the perception of likelihood|
Perception of likelihood
|Citation:||Wong, W.-K. (2007). Nominal increases and the perception of likelihood. Economics Letters 95 (3) : 433-437. ScholarBank@NUS Repository. https://doi.org/10.1016/j.econlet.2006.11.020|
|Abstract:||Using surveys, this paper shows that a nominal increase in likelihood has a relatively small effect on individual's own perception of likelihood, but a large and robust effect on beliefs about the perception of likelihood by others. These beliefs are consistent with actual choices.©2006 Elsevier B.V. All rights reserved.|
|Source Title:||Economics Letters|
|Appears in Collections:||Staff Publications|
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