Leiter, Andrea M.; Pruckner, Gerald J. - 2007
Sensitivity (proportionality) of willingness to pay to (small) risk changes is often used as a criterion to test for … valid measures of economic preferences. In a contingent valuation (CV) study conducted in Austria, 1,005 respondents were … asked their willingness to pay (WTP) for preventing an increase in the risk of being killed in an avalanche of 1/42,500 and …