Do We Really Value Identified Lives More Highly Than Statistical Lives?
Value of Statistical Life (VSL) studies suggest that people’s willingness to pay for statistical lives is consistent with their willingness to pay for identified lives. The idea that the valuations are different may be no more than an artifact of the economic method for valuing statistical lives, the human capital approach, that was dominant at the time the distinction was proposed.
|Date of creation:||30 Sep 2014|
|Publication status:||Published in Medical Decision Making, 34(5), July 2014, 556-559. I paid the required fee to have the right to distribute the paper as I choose.|
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