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Do consumers have imperfect recollection about airline safety?

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  • Jay Squalli

Abstract

The inquiry examines whether consumers exhibit imperfect recollection about airline accidents. The state of the world is modelled with a Poisson distribution that updates over time. It is found that passengers of small carriers forget about accidents over time, thus leading to a 539% cumulative increase in enplanement while passengers of large carriers do not exhibit such a behaviour.

Suggested Citation

  • Jay Squalli, 2005. "Do consumers have imperfect recollection about airline safety?," Applied Economics Letters, Taylor & Francis Journals, vol. 12(3), pages 169-176.
    • Handle: RePEc:taf:apeclt:v:12:y:2005:i:3:p:169-176
    DOI: 10.1080/1350485042000323631
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    References listed on IDEAS

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    1. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
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    Cited by:

    1. Jay Squalli & Mohsen Saad, 2006. "Accidents airline safety perceptions and consumer demand," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 30(3), pages 297-305, September.

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