Cancer premiums and latency effects: A risk tradeoff approach for valuing reductions in fatal cancer risks

Autor:	George Van Houtven, Melonie B. Sullivan, Chris Dockins
Rok vydání:	2008
Předmět:	Economics and Econometrics Actuarial science business.industry Accounting medicine Cancer Latency (engineering) Cancer risk medicine.disease business Finance Demography
Zdroj:	Journal of Risk and Uncertainty. 36:179-199
ISSN:	1573-0476 0895-5646
DOI:	10.1007/s11166-008-9032-2
Popis:	Many studies estimate individuals’ values for avoiding fatality risks; however, most value-of-statistical-life studies focus on accident-related deaths. Consequently, little is known about preferences for avoiding other fatal risks, such as cancer. Cancer may engender strong feelings of dread, leading to a “cancer premium,” but cancer latency periods may have the opposite effect. Using a national survey, we elicit relative preferences for avoiding fatal cancer and auto-accident risks. We find strong preferences for avoiding cancer risks. With a 5-year latency, they are valued roughly three times greater than immediate accident risks, declining to 50% greater for a 25-year latency.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::83d981327f2006c34d7138bf0a51d3de https://doi.org/10.1007/s11166-008-9032-2 Zobrazit plný text záznamu Plný text ve formátu PDF