The prevention puzzle
In: The Geneva risk and insurance review, Band 47, Heft 2, S. 277-297
ISSN: 1554-9658
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In: The Geneva risk and insurance review, Band 47, Heft 2, S. 277-297
ISSN: 1554-9658
In: The economic journal: the journal of the Royal Economic Society, Band 125, Heft 583, S. 493-532
ISSN: 1468-0297
In: The economic journal: the journal of the Royal Economic Society, Band 115, Heft 503, S. 533-550
ISSN: 1468-0297
In: Bocconi University Management Research Paper
SSRN
In: Journal of risk and uncertainty, Band 58, Heft 1, S. 1-15
ISSN: 1573-0476
In: Bleichrodt , H , Courbage , C & Rey , B 2019 , ' The value of a statistical life under changes in ambiguity ' , Journal of Risk and Uncertainty , vol. 58 , no. 1 , pp. 1-15 . https://doi.org/10.1007/s11166-019-09296-3
The value of a statistical life (VSL) is a key parameter in the analysis of government policy. Most policy decisions are made under ambiguity. This paper studies the effect of changes in ambiguity perception on the VSL. We propose a definition of increases in ambiguity perception based on Ekern's (1980) definition of increases in risk. Ambiguity aversion alone is not sufficient to lead to an increase in the VSL when the decision maker perceives more ambiguity. Our results highlight the importance of higher order ambiguity attitudes, particularly ambiguity prudence.
BASE
The value of a statistical life (VSL) is a key parameter in the analysis of government policy. Most policy decisions are made under ambiguity. This paper studies the effect of changes in ambiguity perception on the value of a statistical life (VSL). We propose a definition of increases in ambiguity perception based on Ekern's (1980) definition of increases in risk. Ambiguity aversion alone is not sufficient to lead to an increase in the VSL when the decision maker perceives more ambiguity. Our results highlight the importance of higher order ambiguity attitudes, particularly ambiguity prudence.
BASE
The value of a statistical life (VSL) is a key parameter in the analysis of government policy. Most policy decisions are made under ambiguity. This paper studies the effect of changes in ambiguity perception on the value of a statistical life (VSL). We propose a definition of increases in ambiguity perception based on Ekern's (1980) definition of increases in risk. Ambiguity aversion alone is not sufficient to lead to an increase in the VSL when the decision maker perceives more ambiguity. Our results highlight the importance of higher order ambiguity attitudes, particularly ambiguity prudence.
BASE
The value of a statistical life (VSL) is a key parameter in the analysis of government policy. Most policy decisions are made under ambiguity. This paper studies the effect of changes in ambiguity perception on the value of a statistical life (VSL). We propose a definition of increases in ambiguity perception based on Ekern's (1980) definition of increases in risk. Ambiguity aversion alone is not sufficient to lead to an increase in the VSL when the decision maker perceives more ambiguity. Our results highlight the importance of higher order ambiguity attitudes, particularly ambiguity prudence.
BASE
The value of a statistical life (VSL) is a key parameter in the analysis of government policy. Most policy decisions are made under ambiguity. This paper studies the effect of changes in ambiguity perception on the value of a statistical life (VSL). We propose a definition of increases in ambiguity perception based on Ekern's (1980) definition of increases in risk. Ambiguity aversion alone is not sufficient to lead to an increase in the VSL when the decision maker perceives more ambiguity. Our results highlight the importance of higher order ambiguity attitudes, particularly ambiguity prudence.
BASE
The value of a statistical life (VSL) is a key parameter in the analysis of government policy. Most policy decisions are made under ambiguity. This paper studies the effect of changes in ambiguity perception on the value of a statistical life (VSL). We propose a definition of increases in ambiguity perception based on Ekern's (1980) definition of increases in risk. Ambiguity aversion alone is not sufficient to lead to an increase in the VSL when the decision maker perceives more ambiguity. Our results highlight the importance of higher order ambiguity attitudes, particularly ambiguity prudence.
BASE
In: Journal of risk and uncertainty, Band 47, Heft 3, S. 225-253
ISSN: 1573-0476
In: Journal of risk and uncertainty, Band 36, Heft 3, S. 245-266
ISSN: 1573-0476
SSRN
Working paper
In: The economic journal: the journal of the Royal Economic Society, Band 120, Heft 545, S. 845-866
ISSN: 1468-0297