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country A wher your risk if death




you are deciding where to go on vaction in country A wher your risk if death is 1 in 10.000 and you pay 600 in the vecation.while your choice to go in vacation in country B the risk of death is 1 of 20.000 and you pay 9000 $ to go in vacation.suppose that you are indifferent in between theses disenations,save for the differntial risk of the death,what does your willingness to pay for these vecation tells you about how much you value your life.


Paper#21394 | Written in 18-Jul-2015

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