Browsing Vanderbilt Law School Faculty Works by Author "Evans, William N."
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Viscusi, W. Kip; Evans, William N. (The Review of Economics and Statistics, 1998)Using survey data on consumer product purchases, this paper introduces an approach to estimate jointly individual utility functions and risk perceptions implied by their decisions. The behavioral risk beliefs reflected in ...
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Viscusi, W. Kip; Evans, William N. (The Review of Economics and Statistics, 1991)Abstract-Surveys of individual's risk-dollar tradeoffs illuminate not only the local tradeoff rates but also can be used to address more fundamental questions about the structure of utility functions. This largely unexplored ...
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Viscusi, W. Kip; Evans, William N. (The American Economic Review, 1990)Taylor's series and logarithmic estimates of health state-dependent utility functions both imply that job injuries reduce one's utility and marginal utility of income, thus rejecting the monetary loss equivalent formulation. ...