Valuing risks of death from terrorism and natural disasters

Journal of Risk and Uncertainty

Volumn 38, Issue 3, 2009, Pages 191-213

  Viscusi, W Kip ^a  

^a VANDERBILT UNIVERSITY LAW SCHOOL   (United States)

Author keywords

9 11 attack; Dread; Hurricane Katrina; Natural disasters; Risk tradeoffs; Terrorism

Indexed keywords

EID: 67349275312     PISSN: 08955646     EISSN: 15730476     Source Type: Journal    
DOI: 10.1007/s11166-009-9068-y     Document Type: Article

References (33)

1. A Abadie S Dermisi 2008 Is terrorism eroding agglomeration economies in central business districts? Lessons from the office real estate market in downtown Chicago Journal of Urban Economics 64 2 451 463
2. A Abadie J Gardeazabal 2003 The economic costs of conflict: a case study of the Basque country American Economic Review 93 1 113 132 (Pubitemid 38799489)
3. Becker, G. S., & Rubinstein, Y. (2004). Fear and the response to terrorism: An economic analysis. Working Paper, University of Chicago.
4. O Bin TW Crawford JB Kruse CE Landry 2008 Viewscapes and flood hazard: coastal housing market response to amenities and risk Land Economics 84 3 434 448
5. C Camerer H Kunreuther 1989 Decision processes for low probability events: policy implications Journal of Policy Analysis and Management 8 4 565 592
6. S Chilton J Covey L Hopkins M Jones-Lee G Loomes N Pidgeon A Spencer 2002 Public perceptions of risk and preference-based values of safety Journal of Risk and Uncertainty 25 3 211 232 (Pubitemid 37131139)
7. S Chilton M Jones-Lee F Kiraly H Metcalf W Pang 2006 Dread risks Journal of Risk and Uncertainty 33 3 165 182
8. T Eisensee D Strömberg 2007 News droughts, news floods, and U.S. disaster relief Quarterly Journal of Economics 122 2 693 728
9. W Enders T Sandler 1996 Terrorism and foreign direct investment in Spain and Greece Kyklos 49 331 352 (Pubitemid 27109408)
10. B Fischhoff R.M. Gonzalez D.A. Small J.S. Lerner 2003 Judged terror risk and proximity to the world trade center Journal of Risk and Uncertainty 26 2/3 137 151 (Pubitemid 36784504)
11. Fong, C. M., & Luttmer, E. F. P. (2007). What determines giving to Hurricane Katrina victims? Experimental evidence on income, race, and fairness. NBER Working Paper 13219.
12. JK Hakes WK Viscusi 2007 Automobile seatbelt usage and the value of statistical life Southern Economic Journal 73 3 659 676
13. DG Hallstrom VK Smith 2005 Market responses to hurricanes Journal of Environmental Economics and Management 50 3 541 561 (Pubitemid 41539641)
14. TA Heberlein MA Wilson RC Bishop NC Schaeffer 2005 Rethinking the scope test as a criterion for validity in contingent valuation Journal of Environmental Economics and Management 50 1 1 22 (Pubitemid 40793945)
15. J Huber KE Train 2001 On the similarity of classical and Bayesian estimates of individual mean partworths Marketing Letters 12 3 259 269 (Pubitemid 33686501)
16. MW Jones-Lee 1991 Altruism and the value of other people's safety Journal of Risk and Uncertainty 4 2 213 219
17. MW Jones-Lee G Loomes 1995 Scale and context effects in the valuation of transport safety Journal of Risk and Uncertainty 11 3 183 203 (Pubitemid 126014351)
18. ME Kahn 2007 Environmental disasters as risk regulation catalysts? The role of Bhopal, Chernobyl, Exxon Valdez, Love Canal, and Three Mile Island in shaping U.S. environmental law Journal of Risk and Uncertainty 35 1 17 43
19. D Kahneman A Tversky 1979 Prospect theory: an analysis of decision under risk Econometrica 47 2 263 291
20. L Kaplow 1995 A note on subsidizing gifts Journal of Public Economics 58 3 469 477
21. H Kunreuther EO Michel-Kerjan 2004 Policy watch: challenges for terrorism risk insurance in the United States Journal of Economic Perspectives 18 4 201 214 (Pubitemid 40167061)
22. Kunreuther, H, & Michel-Kerjan, E. O. (2007). Evaluating the effectiveness of terrorism risk financing solutions. NBER Working Paper 13359.
23. Kunreuther, H., Ginsberg, R., Miller, L., Sagi, P., Slovic, P., Borkan, B., et al. (1978). Disaster insurance protection: Public policy lessons. New York: Wiley.
24. W.A. Magat W.K. Viscusi J. Huber 1996 A reference lottery metric for valuing health Management Science 42 8 1118 1129 (Pubitemid 126549508)
25. McFadden, D. (1974). Conditional logit analysis of qualitative choice behavior. In P. Zarembka (Ed.), Frontiers in econometrics, pp. 105-142. New York: Academic.
26. Posner, R. A. (2007). Countering terrorism: Blurred focus, halting steps. Lanham: Rowman & Littlefield.
27. Rethans, A. J. (1979). An investigation of consumer perceptions of product hazards. Doctoral Dissertation, University of Oregon-Eugene.
28. VK Smith LL Osborne 1996 Do contingent valuation estimates pass a 'Scope' test? A meta-analysis Journal of Environmental Economics and Management 31 3 287 301 (Pubitemid 27012536)
29. Smith, V. K., Mansfield, C., & Clayton, L. (2009). Valuing a homeland security policy: countermeasures for the threats from shoulder mounted missiles. Journal of Risk and Uncertainty, 38(3).
30. Train, K. E. (2003). Discrete choice models with simulation. Cambridge: Cambridge University Press.
31. WK Viscusi RJ Zeckhauser 2003 Sacrificing civil liberties to reduce terrorism risks Journal of Risk and Uncertainty 26 2/3 99 120 (Pubitemid 36784502)
32. WK Viscusi RJ Zeckhauser 2006 National survey evidence on disasters and relief: risk beliefs, self-interest, and compassion Journal of Risk and Uncertainty 33 1/2 13 36
33. WK Viscusi WA Magat J Huber 1991 Pricing environmental health risks: survey assessments of risk-risk and risk-dollar trade-offs for chronic bronchitis Journal of Environmental Economics and Management 21 1 32 51