The value of a statistical life in Sweden: estimates from two studies using the "Certainty Approach" calibration.

  title={The value of a statistical life in Sweden: estimates from two studies using the "Certainty Approach" calibration.},
  author={Mikael Svensson},
  journal={Accident; analysis and prevention},
  volume={41 3},
Stated preference methods using surveys to elicit willingness to pay have been shown to suffer from hypothetical bias and scope/scale bias. Hypothetical bias usually means that willingness to pay is exaggerated in the hypothetical scenario and scope/scale bias means that there is an insensitivity in willingness to pay with regard to the amount of goods or the size of a good being valued. Experimental results in social psychology and economics have shown that only trusting the most certain… CONTINUE READING

From This Paper

Figures, tables, and topics from this paper.


Publications citing this paper.
Showing 1-9 of 9 extracted citations


Publications referenced by this paper.
Showing 1-10 of 38 references

Rational risk policy

K. W. Viscusi
Oxford U • 1998
View 9 Excerpts
Highly Influenced

Willingness to Pay for Health Protection : Inadequate Sensitivity to Probability ?

J. K. Hammitt, J. D. Graham
Journal of Risk and Uncertainty . • 1999
View 4 Excerpts
Highly Influenced

Contingent Valuation : Is Some Number Better than No Number ?

P. A. Diamond, J. A. Hausman
Journal of Economic Perspectives . • 1994
View 1 Excerpt
Highly Influenced

Experimental Evidence on the Existence of Hypothetical Bias in Value Elicitation Methods

G. W. Harrison, E. E. Rutstrom
View 1 Excerpt

Hypothetical bias and certainty calibration in a value of time experiment

A. A. Weinstein

Incentive and infor

R. T. 173-210. Carson, T. Groves

Do we really unders

M. F. Evans, V. K. Smith
View 2 Excerpts

Do we really understand the ageVSL relationship ?

M. F. Evans, V. K. Smith
Resource and Energy Economics . • 2006
View 1 Excerpt

Experimental Evidence on Alternative Environmental Valuation Methods

G. W. Harrison
Environmental and Resource Economics . • 2006
View 2 Excerpts

Similar Papers

Loading similar papers…