Calculate the annual vsl for avoiding bicycle-related deaths

Reference no: EM133343988

Question 1. The annual risk of death injury when riding a bicycle without wearing a helmet is 20.3 per billion people. helmets reduce the risk of death by 67%. If the helmet costs USD 20 total and needs to be replaced every 2 years, the interest (discount) rate is 5%. calculate the annual VSL for avoiding bicycle-related deaths.

Question 2. Is this an over or underestimation?

Reference no: EM133343988

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