Carlin, Patrick; Dixon, Brian E.; Simon, Kosali Ilayperuma - National Bureau of Economic Research - 2022
Two discrete choice experiments conducted early in the Covid-19 vaccination campaign show that people dramatically … undervalue the Covid-19 vaccine, relative to benchmarks implied by the value of a statistical life (VSL). Our first experiment … found that median willingness to pay (WTP) for initial vaccination is around $50, only 2 percent of the WTP implied by …