Voters' preferences for smoking restrictions in restaurants, bars, malls, indoor sporting events, and hospitals are consistent with state-level restrictions on smoking in each of these public areas. This analysis is based on constructed measures of political pressure that take into account both...

Using survey data on consumer product purchases, this paper introduces an approach to estimate jointly individual utility functions and risk perceptions implied by their decisions. The behavioral risk beliefs reflected in consumers' risky decisions differ from the stated probabilities given to...

Our research addresses fundamental long-standing concerns in the compensating wage differentials literature and its public policy implications: the econometric properties of estimates of the value of statistical life (VSL) and the wide range of such estimates from about $0.5 million to about $21...

Focuses on the effects of cigarette taxes and the individual choice.

Survey questions regarding assessed survival chances are an often-used example of a risk rating scale for eliciting a probability assessment. The responses to such questions do exhibit several properties of probabilities, but differ in some key respects, resulting in relationships which are not...

This book is the culmination and synthesis of Viscusi's distinguished work in the social regulation of risk. It covers issues relating to the value of life, empirical estimates of the value of life, the rationality of individual responses to risk, the effect of government risk regulation...