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What’s in a Name? A Systematic Search for Alternatives to “Value of Statistical Life”

We describe evidence from focus groups and a formal ranking exercise to gauge the preferences for and acceptance of alternative terms for the “value of statistical life”—the concept of trading off money and small reductions in mortality risks.

Working Paper by Chris Dockins, Kelly Maguire, Steve Newbold, Nathalie Simon, Alan Krupnick, and Laura Taylor — April 26, 2018

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Authors

Chris Dockins

Kelly Maguire

Steve Newbold

Nathalie Simon

Alan Krupnick

Senior Fellow

Laura Taylor