Perreira, Krista M; Sloan, Frank A - In: Journal of Risk and Uncertainty 24 (2002) 1, pp. 5-29
This analysis uses three valuation approaches--risk-risk tradeoff, paired risk-dollar comparison, and utility function estimation--to estimate the nonpecuniary cost associated with disability in late life. In addition, we obtain an estimate of the value of life using a paired risk-dollar...