Valuing Risks of Death from Terrorism and Natural Disasters

This article describes a study that used a random utility model to examine stated preferences for the valuation of public risks of fatalities from terrorist attacks and natural disasters. The authors used traffic-related deaths as the common reference point in two series of pairwise risk-risk tradeoff choices. The nationally representative sample in the study valued preventing terrorism deaths almost twice as highly as preventing natural disaster deaths, and at about the same level as preventing deaths from traffic accidents, which pose greater personal risk. These results remained even after taking into account differences in respondent risk beliefs. The authors also found that education, seat belt usage, political preferences, and terrorism risk beliefs affect valuations in the expected manner.

Language

  • English

Media Info

  • Media Type: Print
  • Pagination: pp 191-213
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 01150363
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Feb 9 2010 11:16AM