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SUMMARY:Valuation of mortality risks - An economic perspective
DTSTART:20140402T131500
DTEND:20140402T143000
DTSTAMP:20260510T235119Z
UID:e70a15cc61505d565aeca25911fa66ce7c2e264fd6845d756082635d
CATEGORIES:Conferences - Seminars
DESCRIPTION:Dr Andrea Leiter-Scheiring\, Economics\, Faculty of Economics 
 and Statistics\, Innsbruck University\, Austria\nAbstract:\nWe develop a t
 heoretical account of how athletes who engage in risky sports value safety
  information. Based on the model we conjecture that the demand value of sa
 fety information rises with wealth and exposure and declines with the athl
 ete?s ability to control risk through the use of information and skills. W
 e use stated-preference data from a sample of backcountry skiers to empiri
 cally test the predictions of our model. The high degree of control over a
 valanche risk makes these athletes a well-suited population to study the d
 emand value of safety information. Caution is however warranted as unobser
 ved factors may jointly affect the athletes?\nPerceived risk and their wil
 lingness-to-pay (WTP) for obtaining information. We use a recursive two-st
 age estimation approach to account for endogeneity concerns. The empirical
  results are generally supportive of our theoretical predictions and sugge
 st that variations in athletes? WTP for safety information can be explaine
 d by personal beliefs about the usefulness of information."Short biography
 :\nAndrea Leiter-Scheiring is an Assistant Professor at the University of 
 Innsbruck\, Faculty of Economics and Statistics\, Department of Economics.
  In 2005\, 2006\, and 2008/2009\, she was a visiting scholar at the Univer
 sity of Maryland\, Department of Agricultural and Resource Economics.\nHer
  fields of interest include health economics\, environmental economics\, i
 nternational economics\, and applied econometrics. Her research has been p
 resented in various national and international conferences and the outcome
 s are published in international scientific journals like Health Economics
 \, Environmental and Resource Economics or Ecological Economics. Her curre
 nt research is on the valuation of mortality risks and on bilateral trade 
 of natural resources.
LOCATION:GR A3 32 http://plan.epfl.ch/?room=GR%20A3%2032
STATUS:CONFIRMED
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