Journal of Risk and Uncertainty

, Volume 5, Issue 1, pp 29–48

The effect of information on health risk valuations

  • Alan J. Krupnick
  • Maureen L. Cropper
Article

Abstract

This article examines the effect of familiarity with chronic lung disease on people's willingness to pay to reduce their risk of contracting chronic bronchitis, and on their willingness to increase their risk of auto death to reduce chronic bronchitis risk. We find that persons who have a relative with chronic lung disease are willing to give up more income to reduce their risk of chronic bronchitis than persons with no first-hand knowledge of the disease; however, their willingness to increase their risk of auto death to reduce their risk of chronic bronchitis is no different, on average, than persons with no first-hand knowledge of lung disease. This suggests that responses to risk-risk tradeoffs may be more stable than responses to risk-income choices.

Key words

morbidity valuation chronic lung disease 

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Copyright information

© Kluwer Academic Publishers 1992

Authors and Affiliations

  • Alan J. Krupnick
    • 1
  • Maureen L. Cropper
    • 2
  1. 1.Resources for the FutureWashington, DC
  2. 2.Department of EconomicsUniversity of MarylandWashington, DC

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