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.
7.12.2Stated 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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