The Value of a Statistical Life Under Changes in Ambiguity - HAL-SHS - Sciences de l'Homme et de la Société Accéder directement au contenu
Pré-Publication, Document De Travail Année : 2018

The Value of a Statistical Life Under Changes in Ambiguity

Résumé

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.
Fichier principal
Vignette du fichier
1832.pdf (1023.58 Ko) Télécharger le fichier
Origine : Fichiers produits par l'(les) auteur(s)

Dates et versions

halshs-01943887 , version 1 (04-12-2018)

Identifiants

  • HAL Id : halshs-01943887 , version 1

Citer

Han Bleichrodt, Christophe Courbage, Béatrice Rey. The Value of a Statistical Life Under Changes in Ambiguity. 2018. ⟨halshs-01943887⟩
53 Consultations
110 Téléchargements

Partager

Gmail Facebook X LinkedIn More