Management Science
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MANAGEMENT SCIENCE
Vol. 30, No. 4, April 1984, pp. 407-422
DOI: 10.1287/mnsc.30.4.407
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On Fates Comparable to Death

Ronald A. Howard

School of Engineering, Stanford University, Stanford, California 94305

Earlier models for the evaluation of assuming and shedding risks of death are extended to the case of possibly extreme disability over a lifetime. Earlier micromort values are supplemented with microdisability values to enable individuals to make consistent decisions in hazardous situations.

Key Words: risk assessment; life value; disability



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J. E. Smith and R. L. Keeney
Your Money or Your Life: A Prescriptive Model for Health, Safety, and Consumption Decisions
Management Science, September 1, 2005; 51(9): 1309 - 1325.
[Abstract] [PDF]




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