Risk Aversion and the Value of Risk to Life
Risk Aversion and the Value of Risk to Life
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DOI：
10.1111/j.1539-6975.2010.01390.x
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发表时间：
2012-03-01
影响因子：
1.9
通讯作者：
Villeneuve, Bertrand
中科院分区：
文献类型：
--
作者：
Bommier, Antoine;Villeneuve, Bertrand
关于生命价值的标准文献依赖于Yaaris（1965）模型，该模型包含关于生命期的风险中性的隐含假设。为了克服这一限制，我们将理论扩展到一个简单的各种偏好，不一定是可加可分的。我们建议的扩大是相关的评估救生计划：目前的做法，我们估计，把太少的重量在降低死亡风险的年轻人。我们的修正幅度超过了从挽救生命的数量概念转变为挽救生命的年数概念所带来的幅度。
The standard literature on the value of life relies on Yaaris (1965) model, which includes an implicit assumption of risk neutrality with respect to life duration. To overpass this limitation, we extend the theory to a simple variety of preferences that are not necessarily additively separable. The enlargement we propose is relevant for the evaluation of life-saving programs: current practice, we estimate, puts too little weight on mortality risk reduction of the young. Our correction exceeds in magnitude that introduced by the switch from the notion of number of lives saved to the notion of years of life saved.