Application of VSL Estimates in Public Investment Decisions. Are we saving lives cost-effectively?

Academic Paper from the year 2012 in the subject Business economics - Investment and Finance, grade: 1,3, Hertie School of Governance, course: Limits of Rationality, language: English, abstract: This essay will argue that the "e;values of statistical lives"e; (VSL) should be seen as a tool that serves to make the implicit trade-offs inherent in any public investment decisions visible and explicit,...