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Discounting Dilemmas: Editors' Introduction
(Journal of Risk and Uncertainty, 2008)
Two developments pose dilemmas for well established discounting techniques: (1) The
extremely long time horizons associated with recently prominent environmental policy problems, such as climate change and nuclear waste ...
Value of a Statistical Life: Relative Position vs. Relative Age
(American Economic Review, 2005)
This paper examines the influence on estimates of the value of statistical life (VSL) of the worker's relative position in the wage distribution and relative position in the life cycle. Whereas past work on relative position ...
Natural Disaster Risks: An Introduction
(Journal of Risk and Uncertainty, 2006)
An introduction to a special issue of the Journal of Risk and Uncertainty dealing with the implications of catastrophic events for research on risk and uncertainty. What are the
consequences of natural disasters? How do ...
Recollection Bias and the Combat of Terrorism
(The Journal of Legal Studies, 2005)
Survey respondents assessed the risks of terrorist attacks and their consequences and were asked how their assessments changed from before September 11 to the present. This paper analyzes those current and recollected risk ...
The New Cigarette Paternalism
(Regulation, 2002)
Smoking is by far the largest single risk that most people take. Perhaps in part because of that prominence, smoking has been the target of a wide variety of regulations and legal action. The controversy over tobacco ...
Juries, Hindsight, and Punitive Damages Awards: Reply to Richard Lempert
(DePaul Law Review, 2002)
Richard Lempert, a Professor of Law and Sociology at the University of Michigan criticized our recent article on judge and jury performance of a punitive damage judgment task, calling it a "failure of a social science case ...
Jurors, Judges, and the Mistreatment of Risk by the Courts
(Journal of Legal Studies, 2001)
A sample of almost 500 jury-eligible citizens considered a series of experimental
situations involving accidents. The juror sample did not properly apply negligence
rules, as their errors were particularly great for ...
The Market Value of Reducing Cancer Risk: Hedonic Housing Prices with Changing Information
(Southern Economic Journal, 2002)
In this paper, we use housing price changes occurring after the release of a regulatory agency's environmental risk information to estimate the value people place on cancer risk reduction. Using a large original data set ...
Automobile Seatbelt Usage and the Value of Statistical Life
(Southern Economic Journal, 2007)
This article uses several within-sample tests to assess whether current seatbelt usage decisions are consistent with the stated preferences of survey respondents. The expressed survey values of statistical life are positively ...
The Challenge of Punitive Damages Mathematics
(The Journal of Legal Studies, 2001)
Proposals to provide juries with specific numerical instructions for setting punitive damages should bring greater rationality to punitive damages awards. This approach is tested using evidence from 353 jury-eligible ...