Skip to Main Content
Handbook of the Economics of Risk and Uncertainty
book

Handbook of the Economics of Risk and Uncertainty

by Mark Machina, W. Kip Viscusi
November 2013
Beginner content levelBeginner
896 pages
35h 10m
English
North Holland
Content preview from Handbook of the Economics of Risk and Uncertainty
W. Kip Viscusi
386
Keywords
Value of a Statistical Life, VSL, VSLY, Risk-Risk Analysis, Hedonic Model, Stated Preferences, CFOI
JEL Classification Codes
H51, I10, I18, J17, J31, K32
7.1 INTRODUCTION
The valuation of risks outside of the financial domain may pose greater challenges
than the valuation of monetary lotteries, for which it is relatively straightforward to
calculate the certainty equivalent as the pivotal valuation measure. For lotteries involv-
ing the simplest kinds of nonmonetary outcomes, the fact that the outcome does not
involve money may pose few difficulties for valuation. In many instances, one can
treat the outcome as being tantamount ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Handbook of the Economics of Finance

Handbook of the Economics of Finance

George M. Constantinides, Milton Harris, Rene M. Stulz
Quantitative Financial Risk Management: Theory and Practice

Quantitative Financial Risk Management: Theory and Practice

Constantin Zopounidis, Emilios Galariotis
Mathematical Methods for Finance: Tools for Asset and Risk Management

Mathematical Methods for Finance: Tools for Asset and Risk Management

Sergio M. Focardi, CFA Frank J. Fabozzi, Turan G. Bali

Publisher Resources

ISBN: 9780444536853