It is correct and usable in written English.
You can use it to describe a likelihood or chance that something can happen. For example, "The perceived probability of winning the lottery is extremely low, but many people still buy tickets for a chance to win."
Why? Presumably because there was a significant perceived probability of devaluation.
Pairing high-frequency FEC data on contributions and expenditures with Iowa Electronic Markets data on perceived probability of victory, we examine the bidirectional feedback between contributions and viability.
In ignoring that possibility, the strategist lowers his estimate of the expected value of his company's move: the higher the perceived probability of counteraction by competitors, the lower the expected payoff.
A study of Cape Verdeans finds that an increase of ten percentage points in young people's perceived probability of emigrating raises the probability of their completing secondary school by around eight points.
In the present study, 37 undergraduates with high public speaking anxiety were randomly assigned to a single-session intervention designed to reduce either the perceived probability or the perceived cost of negative outcomes associated with public speaking.
This paper empirically investigates the extent of investor moral hazard associated with IMF bailouts by analyzing the responses of sovereign bond spreads to the changes in the perceived probability of IMF bailouts of countries undergoing financial crisis.
A significant difference was observed in the perceived probability to successfully turn among the inexperienced drivers who did and did not crash even though there was no significant difference in drivers' risk attitudes among the two groups.
First aid training also appeared to reduce participants' willingness to accept prevailing levels of occupational safety and health risk and increase the perceived probability that they would suffer a work-related injury or illness.
According to this model, pedestrians construct a virtual risk map that assigns the entire crossing area with probabilities for a collision with vehicles, and then select their actions based on their perceived probability for collision.
Threat appraisal incorporates perceived probability of exposure, perceived severity of damage, and fear of the hazard.
A specific warning about the likelihood of an attack increased its perceived probability in the minds of the drivers [45].
