What is Value of Life
The value of life is an economic value used to quantify the benefit of avoiding a fatality. It is also referred to as the cost of life, value of preventing a fatality (VPF), implied cost of averting a fatality (ICAF), and value of a statistical life (VSL). In social and political sciences, it is the marginal cost of death prevention in a certain class of circumstances. In many studies the value also includes the quality of life, the expected life time remaining, as well as the earning potential of a given person especially for an after-the-fact payment in a wrongful death claim lawsuit.
How you will benefit
(I) Insights, and validations about the following topics:
Chapter 1: Value of life
Chapter 2: Environmental economics
Chapter 3: Actuarial science
Chapter 4: Cost-effectiveness analysis
Chapter 5: Cost-benefit analysis
Chapter 6: Endowment effect
Chapter 7: Preventive healthcare
Chapter 8: Ecosystem valuation
Chapter 9: Cost-utility analysis
Chapter 10: Quality-adjusted life year
Chapter 11: Embedding effect
Chapter 12: Disability-adjusted life year
Chapter 13: Disease burden
Chapter 14: Life Quality Index
Chapter 15: Micromort
Chapter 16: BenMAP
Chapter 17: Willingness to accept
Chapter 18: Cam Donaldson
Chapter 19: W. Kip Viscusi
Chapter 20: Susana Mourato
Chapter 21: Natural resource valuation
(II) Answering the public top questions about value of life.
(III) Real world examples for the usage of value of life in many fields.
Who this book is for
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Value of Life.