Carthy, T., Chilton, S., Covey, J.,, Hopkins, L.,, Jones-Lee, M., Loomes, G., Pidgeon, Nicholas Frank and Spencer, A. 1999. On the Contingent Valuation of Safety and the Safety of Contingent Valuation: Part 2 - The CV/SG "Chained" Approach. Journal of Risk and Uncertainty 17 (3) , pp. 187-214. 10.1023/A:1007782800868 |
Abstract
This article reports the results of a study aimed at estimating a willingness-to-pay based value of statistical life for road risks using a multi-stage approach which involves “chaining together” responses to contingent valuation and standard gamble questions. The rationale for employing a multi-stage approach is to break the wealth/risk of death trade-off down into a number of conceptually manageable steps, thereby trying to attenuate the various biases that appear to be pervasive in responses to more direct contingent valuation questions in the health and safety field.
Item Type: | Article |
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Date Type: | Publication |
Status: | Published |
Schools: | Psychology |
Subjects: | B Philosophy. Psychology. Religion > BF Psychology H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management |
Uncontrolled Keywords: | Safety, contingent valuation, standard gambles, embedding, scope, sequencing |
Publisher: | Springer |
ISSN: | 0895-5646 |
Last Modified: | 04 Jun 2017 04:11 |
URI: | http://orca.cf.ac.uk/id/eprint/34371 |
Citation Data
Cited 177 times in Google Scholar. View in Google Scholar
Cited 21 times in Web of Science. View in Web of Science.
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