Question
Suppose you can take one of two summer jobs. In the first job as a flight attendant, with a salary of $5,000, you estimate the
Alternatively, you could drive a truck transporting hazardous materials, which pays $12,000 and for which the probability of death is 1 in 10,000. Suppose that you're indifferent between the two jobs except for the pay and the chance of death.
If you choose the job as a flight attendant, what does this say about the value you place on your life?
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International Economics
Authors: Robert C. Feenstra, Alan M. Taylor
3rd edition
978-1429278515, 142927851X, 978-1319029517, 1319029515, 978-1429278447
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