Discuss possible reasons why the estimates of the value of life presented in Table 4.1 differ so much.

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Table 4.1 How Much Is One Life Worth? Meta-analysis of wage-based studies Miller (2009) Mrozek and Taylor (2002) Viscusi and Aldy (2003) Kochi et al. (2006) Meta-analysis of stated preference studies Kochi et al. (2006) Dekker et al. (2011) Lindhjem et al. (2010) Years covered by the studies Value of life in 2009 dollars 5.2 million 2.0 to 3.3 million 6.9 to 9.5 million 11.1 million Years covered by the studies Value of life in 2009 dollars 1974-1990 1974-1995 1974-2000 1974-2002 1988-2002 1983-2008 1973-2008 3.5 million 2.7 to 8.5 million 3.2 million