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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.
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.
Threat appraisal incorporates perceived probability of exposure, perceived severity of damage, and fear of the hazard.
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A followup survey suggests that the intervention reduced plagiarism by increasing student knowledge rather than by increasing the perceived probabilities of detection and punishment.
The basic dimensions of such a health belief model are the perceived probability and severity of the threat, on the one hand, and the perceived benefits of health behaviour and the barriers to such behaviour, on the other.
A specific warning about the likelihood of an attack increased its perceived probability in the minds of the drivers [45].
However, the basic two components of PMT adaptation model is climate change risk appraisal and adaptation appraisal, which are also composed of perceived probability and perceived severity.
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.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com