In the expected-utility theory of the monetary value of a statistical life, the so-called "dead-anyway" effect discovered by Pratt and Zeckhauser (1996) asserts that an individuals' willingness to pay (WTP) for small reductions in mortality risk increases with the initial level of risk. Their...

This experiment investigates decisions made by prospective economists and physicians in an allocation problem which can be framed either medically or neutrally. The potential recipients differ with respect to their minimum needs as well as to how much they benefit from a treatment. We classify...

Die Diskussion um die Reform des deutschen Krankenversicherungsmarktes kreist seit mehreren Jahren um die beiden Reformoptionen 'Gesundheitsprämie' und 'Bürgerversicherung'. Seit der Veröffentlichung des Berichts der sogenannten 'Rürup-Kommission' im Jahr 2003 wird die 'Bürgerversicherung'...

In the expected-utility theory of the monetary value of a statistical life, the so-called "dead-anyway" effect discovered by Pratt and Zeckhauser (1996) asserts that an individuals' willingness to pay (WTP) for small reductions in mortality risk increases with the initial level of risk. Their...