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14) Eric is unwilling to spend an additional 130 hours on the road next year to take an alternative route that would reduce his risk
14) Eric is unwilling to spend an additional 130 hours on the road next year to take an alternative route that would reduce his risk of being killed in a car accident by 00008. Assume that the time saved has an economic value of $2 .600 to Eric. What does this choice say about the dollar value that Eric places on his life? A) Eric must perceive his life as being worth more than $3.25 million B) Eric must perceive his life as being worth less than $3.25 million C) Eric must perceive his life as being worth more than $2.5 million D) Eric must perceive his life as being worth less than $2.5 million
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