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On Fates Comparable to Death

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  • Ronald A. Howard

    (School of Engineering, Stanford University, Stanford, California 94305)

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    Abstract

    Earlier models for the evaluation of assuming and shedding risks of death are extended to the case of possibly extreme disability over a lifetime. Earlier micromort values are supplemented with microdisability values to enable individuals to make consistent decisions in hazardous situations.

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    File URL: http://dx.doi.org/10.1287/mnsc.30.4.407
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    Bibliographic Info

    Article provided by INFORMS in its journal Management Science.

    Volume (Year): 30 (1984)
    Issue (Month): 4 (April)
    Pages: 407-422

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    Handle: RePEc:inm:ormnsc:v:30:y:1984:i:4:p:407-422

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    Keywords: risk assessment; life value; disability;

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    Cited by:
    1. Cameron, Trudy Ann & DeShazo, J.R., 2013. "Demand for health risk reductions," Journal of Environmental Economics and Management, Elsevier, vol. 65(1), pages 87-109.

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