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Which of the following methods is not typically used to assess the value of human life in cost-benefit analyses for public projects? Discounted value of
Which of the following methods is not typically used to assess the value of human life in cost-benefit analyses for public projects?
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Discounted value of lifetime earnings.
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Contingent valuation (asking individuals to share their perspective on the value of their life).
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Revealed preference (e.g. willingness to pay more for safety features of various products).
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Valuation based on an individual's contribution to society (e.g. valuing a doctor's life more than an unemployed homeless person's).
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