Arbeitspapier
Value of Life, Value of Time, and Constant Relative Risk Aversion Utility.
This paper develops two straightforward value of life models; one is a probabilistic value of life model and the second is a determinstic value of time model. Simplifying assumptions allow both models to be solved analytically. Constant relative risk aversion utility functions are used, and both value of life and value of time are solved for a functions of the relative risk-aversion parameter.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 1998-13
- Classification
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Wirtschaft
Consumer Economics: Theory
Allocative Efficiency; Cost-Benefit Analysis
Welfare Economics: General
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
- Event
-
Geistige Schöpfung
- (who)
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Feldman, Allan M.
- Event
-
Veröffentlichung
- (who)
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Brown University, Department of Economics
- (where)
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Providence, RI
- (when)
-
1998
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Feldman, Allan M.
- Brown University, Department of Economics
Time of origin
- 1998
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