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Valuing risks of death from terrorism and natural disasters

Journal of risk and uncertainty, 2009-06, Vol.38 (3), p.191-213 [Peer Reviewed Journal]

Springer Science+Business Media, LLC 2009 ;ISSN: 0895-5646 ;EISSN: 1573-0476 ;DOI: 10.1007/s11166-009-9068-y

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Title:
Valuing risks of death from terrorism and natural disasters
Author: Viscusi, W. Kip
Subjects: Central business districts ; Death ; Disasters ; Economic Theory/Quantitative Economics/Mathematical Methods ; Economics ; Economics and Finance ; Environmental Economics ; Fatalities ; Financial risk ; Hurricanes ; Microeconomics ; National security ; Natural disasters ; Operations Research/Decision Theory ; Perceptions ; Polls & surveys ; Risk ; Risk assessment ; September 11 ; September 11 terrorist attacks-2001 ; Studies ; Terrorism ; Trade-off ; Tradeoffs ; Traffic ; Traffic accidents & safety ; Traffic estimation ; Traffic safety ; Utility theory ; Valuation
Is Part Of: Journal of risk and uncertainty, 2009-06, Vol.38 (3), p.191-213
Description: This paper uses a random utility model to examine stated preferences for the valuation of public risks of fatalities from terrorist attacks and natural disasters. Traffic-related deaths serve as the common reference point in two series of pairwise risk-risk tradeoff choices. Even after taking into account differences in respondent risk beliefs, the nationally representative sample values the prevention of terrorism deaths almost twice as highly as preventing natural disaster deaths and at about the same level as preventing deaths from traffic accidents, which pose greater personal risk. Education, seatbelt usage, political preferences, and terrorism risk beliefs affect valuations in the expected manner.
Publisher: Boston: Boston : Springer US
Language: English
Identifier: ISSN: 0895-5646
EISSN: 1573-0476
DOI: 10.1007/s11166-009-9068-y
Source: ProQuest One Psychology
Alma/SFX Local Collection
ProQuest Central

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Valuing risks of death from terrorism and natural disasters

Springer Science+Business Media, LLC 2009 ;ISSN: 0895-5646 ;EISSN: 1573-0476 ;DOI: 10.1007/s11166-009-9068-y

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