“…In this section Havrilesky cites Frankel and Linke (1992) and Albrecht (1992) to confirm that it is inappropriate to use the small risk evaluation paradigm to infer the value that an individual actually places on his or her life. Albrecht shows that for a risk-averse person the amount the person would trade his or her life for is more than the value that society places on the life of an anonymous individual.…”
Section: The Irrelevance Of Low Incremental Riskmentioning
“…In this section Havrilesky cites Frankel and Linke (1992) and Albrecht (1992) to confirm that it is inappropriate to use the small risk evaluation paradigm to infer the value that an individual actually places on his or her life. Albrecht shows that for a risk-averse person the amount the person would trade his or her life for is more than the value that society places on the life of an anonymous individual.…”
Section: The Irrelevance Of Low Incremental Riskmentioning
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