The Value of a Statistical Life (VSL) is a widely used measure of the value of mortality risk reduction. Since VSL … should reflect preferences and attitudes to risk, there are reasons to believe that it varies depending on the type of risk … premium was higher for cancer with a shorter time from diagnosis to death. Eliminating risk was associated with a premium of …

subjective risk estimation and the contingent valuation (CV) method. A split-sample design was applied to test for order bias …

risk-reducing programs in other fields, such as traffic safety. …

To decide how much resources to spend on reducing mortality risk, governmental agencies in several countries turn to … the value of a statistical life (VSL). VSL has been shown to vary depending on the size of the risk reduction, which … indicates that WTP does not increase near-proportional in relation to risk reduction as suggested by standard economic theory …

cost sharing. Both elements risk to burden the population with a welfare loss if preferences differ. This suggests …

Health insurance is potentially subject to risk selection, i.e. adverse selection on the part of consumers and cream … skimming on the part of insurers. Adverse selection models predict that competitive health insurers can eschew high-risk … individuals by offering contracts with low deductibles or co-payment rates, while attracting low-risk individuals with higher …