Assessing the incorporation of latent variables in the estimation of the value of a statistical life.

IF 3 3区 医学 Q1 MATHEMATICS, INTERDISCIPLINARY APPLICATIONS
Risk Analysis Pub Date : 2024-09-01 Epub Date: 2024-02-23 DOI:10.1111/risa.14286
Manuel Barrientos, Felipe Vásquez Lavín, Roberto D Ponce Oliva
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引用次数: 0

Abstract

For many years, the economic literature has recognized the role of attitudes, beliefs, and perceptions in estimating the value of a statistical life (VSL). However, few applications have attempted to include them. This article incorporates the perceived controllability and concern about traffic and cardiorespiratory risks to estimate VSL using a hybrid choice model (HCM). The HCM allows us to include unobserved heterogeneity and improve behavioral realism explicitly. Using data from a choice experiment conducted in Santiago, Chile, we estimate a VSL of US$3.78 million for traffic risks and US$2.06 million for cardiorespiratory risks. We found that higher controllability decreases the likelihood that the respondents would be willing to pay for risk reductions in both risks. On the other hand, concern about these risks decreases the willingness to pay for traffic risk reductions but increases it for cardiorespiratory risk reductions.

评估将潜在变量纳入统计寿命价值估算的情况。
多年来,经济文献已经认识到态度、信念和认知在估算统计寿命(VSL)价值中的作用。然而,很少有应用尝试将其纳入其中。本文采用混合选择模型(HCM),将对交通和心肺风险的可控性和关注纳入估算 VSL 的范围。混合选择模型允许我们纳入未观察到的异质性,并明确改善行为的现实性。利用在智利圣地亚哥进行的选择实验数据,我们估算出交通风险的 VSL 为 378 万美元,心肺风险的 VSL 为 206 万美元。我们发现,可控性越高,受访者愿意为降低这两种风险付费的可能性就越小。另一方面,对这些风险的担忧会降低为降低交通风险付费的意愿,但会提高为降低心肺风险付费的意愿。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Risk Analysis
Risk Analysis 数学-数学跨学科应用
CiteScore
7.50
自引率
10.50%
发文量
183
审稿时长
4.2 months
期刊介绍: Published on behalf of the Society for Risk Analysis, Risk Analysis is ranked among the top 10 journals in the ISI Journal Citation Reports under the social sciences, mathematical methods category, and provides a focal point for new developments in the field of risk analysis. This international peer-reviewed journal is committed to publishing critical empirical research and commentaries dealing with risk issues. The topics covered include: • Human health and safety risks • Microbial risks • Engineering • Mathematical modeling • Risk characterization • Risk communication • Risk management and decision-making • Risk perception, acceptability, and ethics • Laws and regulatory policy • Ecological risks.
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