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Traditional risk assessments use asset losses as the main metric to measure the severity of a disaster. This paper proposes an expanded risk assessment based on a framework that adds socioeconomic resilience and uses wellbeing losses as its main measure of disaster severity. Using a new,...
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. The U shaped pattern displayed by happiness measures over the life cycle is the opposite of the inverted-U shape pattern … displayed by the VSL. It is consequently inappropriate to use happiness measures as ordinal ranking substitutes for the VSL for …
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