The VSL approach applies information from several published value-of-life studies, which themselves examine tradeoffs of monetary compensation for small additional mortality risks, to determine a reasonable benefit of preventing premature mortality.
The value-of-life studies and their results were peer reviewed before their publication.
mnli hypothesis: The value-of-life studies and their results were peer reviewed before their publication. premise: The VSL approach applies information from several published value-of-life studies, which themselves examine tradeoffs of monetary compensation for small additional mortality risks, to determine a reasonable benefit of preventing premature mortality.