Environmental Economics

The Rationality of Consumer Valuations of Multiple Health Risks

In this paper, the authors report the results of a survey of consumer preferences with respect to multiple risks. These data enable the authors to examine whether individual behavior is consistent with the major predictions of an optimizing framework.. In addition, the structure of the survey they carried out permits them to examine whether this same behavior is consistent with the features of cognitive processes that are not generally reflected in standard economic models.

  • Keywords

    Subject:
    1. Benefits Analysis
    1. Benefits Analysis - Valuation
    1. Benefits Analysis - Valuation - Stated Preference
    1. Benefits Analysis - Valuation - Stated Preference - Non-contingent Valuation
    Environmental Media:
    d. Chemicals
    d. Chemicals - Toxic Substances
    d. Chemicals - Pesticides
    Authors:
    Viscusi, W. Kip
    Magat, Wesley
    Huber, Joel
    EPA Project Officer/ Manager:
    Geographic Area:
    Study Purpose:
    Empirical Application, Methodology Development & Evaluation
    Inventory Record #: EE-0399
  • Participating Organizations

    Research Organization:

    Duke University, Fuqua School of Business, Center for the Study of Business RegulationAddress:
    City: State: ZIP:
    Phone: Fax:
    E-mail:
    Funding Organization:
    Environmental Protection Agency, Office of Policy, Planning and EvaluationAddress:
    City: State: ZIP:
    Phone: Fax:
    E-mail:
  • Report Details
    Type:
    Final
    Date:
    09/01/1986
    Number of Pages:
    48
    Comment:
    Grant/Contract #:
    CR811057-01
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    Date Linked: 08/25/2017