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https://doi.org/10.1016/j.econlet.2006.11.020
| 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. 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 | URI: | http://scholarbank.nus.edu.sg/handle/10635/19989 | ISSN: | 01651765 | DOI: | 10.1016/j.econlet.2006.11.020 |
| Appears in Collections: | Staff Publications |
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