Journal of Risk and Uncertainty

, Volume 33, Issue 3, pp 165–182 | Cite as

Dread risks

  • Susan Chilton
  • Michael Jones-Lee
  • Francis Kiraly
  • Hugh Metcalf
  • Wei Pang
Article

Abstract

It is a well-established fact that many people view the prospect of premature death by some causes with considerably more disquiet or “dread” than death by other causes. It is equally clear that for most people their personal risk of death by a given cause is also a matter of serious concern. This article reports the findings of a study aimed at estimating the effects of dread and personal risk of death by a specific cause on the willingness-to-pay based Value of Statistical Life (VSL) for that cause.

Keywords

Dread Willingness to pay Value of Statistical Life 

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Copyright information

© Springer Science + Business Media, LLC 2006

Authors and Affiliations

  • Susan Chilton
    • 1
  • Michael Jones-Lee
    • 1
  • Francis Kiraly
    • 1
  • Hugh Metcalf
    • 1
  • Wei Pang
    • 1
  1. 1.University of NewcastleNewcastleUnited Kingdom

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