The value of a statistical life under changes in ambiguity
| dc.contributor.author | Bleichrodt, Han | |
| dc.contributor.author | Courbage, Christophe | |
| dc.contributor.author | Rey, Béatrice | |
| dc.date.accessioned | 2023-11-23T05:10:59Z | |
| dc.date.available | 2023-11-23T05:10:59Z | |
| dc.date.issued | 2019-04-24 | |
| dc.date.updated | 2022-08-14T08:17:37Z | |
| dc.description.abstract | 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 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. | en_AU |
| dc.description.sponsorship | This research has benefited from the financial support of IDEXLYON from Université de Lyon (project INDEPTH) within the Programme Investissements d’Avenir (ANR-16-IDEX-0005). | en_AU |
| dc.format.mimetype | application/pdf | en_AU |
| dc.identifier.citation | Bleichrodt, H., Courbage, C. & Rey, B. The value of a statistical life under changes in ambiguity. J Risk Uncertain 58, 1–15 (2019). https://doi.org/10.1007/s11166-019-09296-3 | en_AU |
| dc.identifier.issn | 0895-5646 | en_AU |
| dc.identifier.uri | http://hdl.handle.net/1885/307403 | |
| dc.language.iso | en_AU | en_AU |
| dc.provenance | This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made. | en_AU |
| dc.publisher | Kluwer Academic Publishers | en_AU |
| dc.rights | © 2019 The Author(s) | en_AU |
| dc.rights.license | Creative Commons Attribution 4.0 International License | en_AU |
| dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | en_AU |
| dc.source | Journal of Risk and Uncertainty | en_AU |
| dc.title | The value of a statistical life under changes in ambiguity | en_AU |
| dc.type | Journal article | en_AU |
| dcterms.accessRights | Open Access | en_AU |
| local.bibliographicCitation.issue | 1 | en_AU |
| local.bibliographicCitation.lastpage | 15 | en_AU |
| local.bibliographicCitation.startpage | 1 | en_AU |
| local.contributor.affiliation | Bleichrodt, Han, College of Business and Economics, ANU | en_AU |
| local.contributor.affiliation | Courbage, Christophe, University of Applied Sciences Western Switzerland (HES-SO) | en_AU |
| local.contributor.affiliation | Rey, Béatrice, Université Lumière Lyon 2 | en_AU |
| local.contributor.authoremail | u1035637@anu.edu.au | en_AU |
| local.contributor.authoruid | Bleichrodt, Han, u1035637 | en_AU |
| local.description.notes | Imported from ARIES | en_AU |
| local.identifier.absfor | 380100 - Applied economics | en_AU |
| local.identifier.ariespublication | u5786633xPUB846 | en_AU |
| local.identifier.citationvolume | 58 | en_AU |
| local.identifier.doi | 10.1007/s11166-019-09296-3 | en_AU |
| local.identifier.scopusID | 2-s2.0-85064896731 | |
| local.identifier.thomsonID | WOS:000466933300001 | |
| local.identifier.uidSubmittedBy | u5786633 | en_AU |
| local.publisher.url | https://link.springer.com/ | en_AU |
| local.type.status | Published Version | en_AU |
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