TY - JOUR PY - 1985// TI - A Bayesian perspective on biases in risk perception JO - Economics letters A1 - Viscusi, W. Kip SP - 59 EP - 62 VL - 17 IS - 1-2 N2 - Psychological risk perception studies have shown that individuals overassess low frequency events and underassess high frequency events. This letter develops a new test that reconciles these findings with the Bayesian learning approach frequently used in economic analysis.

LA - SN - 0165-1765 UR - http://dx.doi.org/10.1016/0165-1765(85)90127-2 ID - ref1 ER -