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Title: Nominal increases and the perception of likelihood
Authors: Wong, W.-K. 
Keywords: Beliefs
Counterfactual thought
Nominal increases
Perception of likelihood
Issue Date: 2007
Citation: Wong, W.-K. (2007). Nominal increases and the perception of likelihood. Economics Letters 95 (3) : 433-437. ScholarBank@NUS Repository.
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
ISSN: 01651765
DOI: 10.1016/j.econlet.2006.11.020
Appears in Collections:Staff Publications

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