@article{ref1,
title="The value of a statistical life in reducing fire risk: a choice experiment among Dutch citizens",
journal="Safety science",
year="2024",
author="de Wit, Ron A. C. and Helsloot, Ira and Koetse, Mark J.",
volume="169",
number="",
pages="e106322-e106322",
abstract="Getting insight in the value of a statistical life (VOSL) attributed by the public to a specific risk such as dying from a house fire is important for policy makers to decide upon investments in risk policies. We conduct a choice experiment among 504 Dutch citizens, including trade-offs between a reduction in the probability of dying from a house fire and tax increases, to derive the VOSL in the Dutch context of fire risk. We estimate a random parameters logit model, allowing for heterogeneity in citizen preferences. We find that after correcting for choice anomalies among respondents our VOSL estimate is around EURO 15-22 million.<p /> <p>Language: en</p>",
language="en",
issn="0925-7535",
doi="10.1016/j.ssci.2023.106322",
url="http://dx.doi.org/10.1016/j.ssci.2023.106322"
}