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Behavioral economics and the value of a statistical life
Journal of Risk and Uncertainty ( IF 1.3 ) Pub Date : 2019-05-27 , DOI: 10.1007/s11166-019-09302-8
Thomas J. Kniesner

There are many possible connections between the value of statistical life (VSL) and behavioral economics. A list of topics includes endowment effects, risk salience, ambiguity aversion, present bias, reference groups, reference points, and experienced versus decision utilities. There are also nudges that connect to estimating or using VSL in government decisions, and cousins of behavioral economic research such as interpersonal heterogeneity, experiments, neuroeconomics, and the role of beauty or personal attractiveness in labor market outcomes. Current evidence suggests that VSL and behavioral economics best connect via (1) possible multi-attribute reference group effects and (2) a possible distinction between decision utility and experienced utility.

中文翻译:

行为经济学与统计生命的价值

统计生命(VSL)的价值与行为经济学之间存在许多可能的联系。主题列表包括end赋效应,风险显着性,歧义厌恶,当前偏见,参考群体,参考点以及经验和决策工具。在政府决策中也有与估算或使用VSL有关的微动,还有行为经济学研究的近亲,例如人际异质性,实验,神经经济学,以及美女或个人吸引力在劳动力市场成果中的作用。当前证据表明,VSL和行为经济学之间最好的联系是(1)可能的多属性参考群体效应和(2)决策效用和经验效用之间的可能区别。
更新日期:2019-05-27
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