Risk aversion and the value of risk to life

Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18905

Full metadata record

DC Field	Value	Language
dc.creator	Bommier, Antoine	-
dc.creator	Villeneuve, Bertrand	-
dc.date	2004	-
dc.date.accessioned	2013-10-16T07:01:53Z	-
dc.date.available	2013-10-16T07:01:53Z	-
dc.date.issued	2013-10-16	-
dc.identifier	http://hdl.handle.net/10419/18905	-
dc.identifier	ppn:395724988	-
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/10419/18905	-
dc.description	This paper argues for an alternative methodology to estimate the value of risk to life. By relaxing the assumption of additive separability, we introduce risk aversion with respect to the length of life and show that the extended model better fits available data. This is crucial for the extrapolation stage that the evaluation of life-saving programs systematically requires. Current practice, we show, puts too little weight on the young. Our correction surpasses in magnitude that introduced by the switch from the notion of number of lives saved to the notion of years of life saved.	-
dc.language	eng	-
dc.publisher		-
dc.relation	CESifo working papers 1267	-
dc.rights	http://www.econstor.eu/dspace/Nutzungsbedingungen	-
dc.subject	D61	-
dc.subject	I18	-
dc.subject	D91	-
dc.subject	D81	-
dc.subject	ddc:330	-
dc.subject	value of statistical life ; lifecycle behavior ; cost-benefit analysis	-
dc.subject	Lebenszyklus	-
dc.subject	Sterblichkeit	-
dc.subject	Kosten-Nutzen-Analyse	-
dc.subject	Risikoaversion	-
dc.subject	Theorie	-
dc.title	Risk aversion and the value of risk to life	-
dc.type	doc-type:workingPaper	-
Appears in Collections:	EconStor

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