Abstract
In the usual policy analysis contexts in which one is seeking to value health risks, the standard economic approach is to ascertain an appropriate monetary equivalent. Money is the currency in which most economists operate, as it provides a standardised basis for converting all impacts, such as costs of treatment and health benefits, into a common metric.
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Viscusi, W.K. (1995). The Automobile Risk Metric for Valuing Health Risks. In: Schwab Christe, N.G., Soguel, N.C. (eds) Contingent Valuation, Transport Safety and the Value of Life. Studies in Risk and Uncertainty, vol 7. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-0665-8_9
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DOI: https://doi.org/10.1007/978-94-011-0665-8_9
Publisher Name: Springer, Dordrecht
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