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In a recent paper, Pratt and Zeckhauser (JPE, 1996) discuss the measure of individuals' willingness to pay (WTP) for the reduction of risks to their lives which should be used for public decisions on risk-reducing projects. They suggest to correct observed WTP for the "dead-anyway" effect, which...
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purposes of estimating the benefits of mortality risk reduction. Compared to ordinal well-being scales, the VSL also offers a … variety of additional capabilities by providing a cardinal index of the unit benefits for changes in mortality risks …
Persistent link: https://www.econbiz.de/10012847761
In a recent paper, Pratt and Zeckhauser (JPE, 1996) discuss the measure of individuals' willingness to pay (WTP) for the reduction of risks to their lives which should be used for public decisions on risk-reducing projects. They suggest to correct observed WTP for the "dead-anyway" effect, which...
Persistent link: https://www.econbiz.de/10014122387
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We explore mortality beliefs by eliciting individual-level belief distributions for participants' remaining lifespan …
Persistent link: https://www.econbiz.de/10009742051