Quantifying heterogeneity in consumers' misperceptions of product costs is crucial for policy design. We illustrate … mean misperception deviates substantially from the optimal tax that accounts for heterogeneous misperceptions. While … variance in energy operating costs relative to taxes, which internalizes distortionary effects from misperceptions. …

This paper reports survey evidence on long-term care (LTC) risk misperceptions and demand for long-term care insurance … (LTCI) in Canada. LTC risk misperceptions is divided into three different risks: needing help for at least one activity of …. We then study how risk misperceptions correlate with individual characteristics, and evaluate how misperceptions affect …

This paper reports survey evidence on long-term care (LTC) risk misperceptions and demand for long-term care insurance … (LTCI) in Canada. LTC risk misperceptions is divided into three different risks: needing help for at least one activity of …. We then study how risk misperceptions correlate with individual characteristics, and evaluate how misperceptions affect …