Preferences for 'life-saving' programmes: small for all or gambling for the prize?

@article{GyrdHansen2008PreferencesF,
  title={Preferences for 'life-saving' programmes: small for all or gambling for the prize?},
  author={Dorte Gyrd-Hansen and Ivar Kristiansen},
  journal={Health economics},
  year={2008},
  volume={17 6},
  pages={
          709-20
        }
}
Much of the literature on the value of life is based on the valuation of small reductions in mortality risk with many remaining life years if the fatal outcome is avoided. In contrast, this paper explores valuations of interventions which with varying probability levels offer smaller or moderate life year health gains. We interviewed 2900 respondents about hypothetical therapies that involved life year gains in the range of 1-180 months with a probability of 1 to 1/180, presented both in… CONTINUE READING
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