Two psychophysical experiments investigated perceptual differences between increases and decreases in stimulation of the short-wavelength (S) cone photoreceptors. In Experiment 1, observers' suprathreshold perceptual scale responses to S cone stimulation were estimated using the Maximum Likelihood Difference Scaling (MLDS) procedure. In Experiment 2, observers' pedestal discrimination thresholds were measured with a two alternative forced choice (2AFC) method. Both experiments were performed using incremental (S+) and decremental (S-) contrasts separately. Substantial asymmetry between S+ and S- was found in pedestal discrimination thresholds, but not in S+ and S- perceptual scales: perceived S cone contrast was nearly linear with S cone contrast for both polarities. To reconcile perceptual scales and thresholds, a model is proposed in which the noise in the S cone pathway is assumed to be proportional to the square root of stimulus contrast. The model works well for both the perceptual scales and forced-choice discrimination, indicating that S+ and S- signals are processed in an asymmetrical way, likely due to the physiological differences between S ON and S OFF pathways.