Willingness to Pay and the Distribution of Risk and Wealth
论证支付意愿是评估政府降低生命风险支出的合适指标，但需根据风险与财富分布调整，并提出了一个规范标准来纠正“反正要死”效应。
Willingness-to-pay is an appropriate benefits metric for government expenditure and regulatory policies that reduce risks to human life. It depends, however, on the distribution of risk and wealth. Currently, society's expenditures overemphasize concentrated risks, say after-the-fact treatment as opposed to prevention. A 'dead-anyway' effect complements excess attention to intense interests in explaining this. The normative criterion for spending on risk reduction is what a rational, albeit uninsured, individual confronting lotteries on future risks to life and wealth would choose for himself. This requires correcting willingness-to-pay to eliminate the dead-anyway effect but continues to reflect that wealth enhances the utility of living. Copyright 1996 by University of Chicago Press.