What is your value-of-statistical-life

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Reference no: EM13833482

You are indifferent between 2 jobs, which differ in their danger levels and compensation. You can be a crab fisher in the Bering Sea, which pays $70,000 for a 3-month period, or you can be an accounting intern, earning $2,400 for the same period. The risk of death as a crabber is 8 in 1,000, and 1 in 10 million as an accountant. What is your value-of-statistical-life?

Reference no: EM13833482

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