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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
426
the time of death, the benefit assessment should account for the cancer latency period
in much the same manner as it would discount deferred cost and benefit effects.
7.12.2 Stated Preference Studies of Valuation of Cancer Risks
Most studies of the VSL for cancer risks have utilized stated preference approaches. These
have been of two types. The most common approach has been to use acute accidental
deaths in a reference lottery to establish the acute fatality risk p that is equivalent to some
cancer risk probability q. This risk-risk trade-off methodology introduced in the context
of valuing risks of chronic bronchitis in
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Publisher Resources

ISBN: 9780444536853