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Saving Lives in the Present versus Saving Lives in the Future--Is There a Framing Effect?

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  • Johannesson, Magnus
  • Johansson, Per-Olov

Abstract

To estimate the discount rate for lives saved in the future a number of studies have been carried out on the trade-off between saving lives now and in the future. A telephone survey is administered to about 1,700 individuals to test if the framing of the question affects the estimated trade-off. In one sample the question is framed as saving 100 lives today versus saving x future lives and in one sample the question is framed as saving 100 future lives versus saving y live today. The result shows that the framing has a major impact on the trade-off. Copyright 1997 by Kluwer Academic Publishers

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  • Johannesson, Magnus & Johansson, Per-Olov, 1997. "Saving Lives in the Present versus Saving Lives in the Future--Is There a Framing Effect?," Journal of Risk and Uncertainty, Springer, vol. 15(2), pages 167-176, November.
    • Handle: RePEc:kap:jrisku:v:15:y:1997:i:2:p:167-76
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    Cited by:

    1. Courard-Hauri, David & Klimas, Christie A. & Parrish, Conor, 2020. "An analysis of the long-term social discount rate and the valuation of large environmental losses using non-monetary tradeoffs," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 87(C).
    2. Nesje, Frikk, 2020. "Cross-dynastic Intergenerational Altruism," Working Papers 0678, University of Heidelberg, Department of Economics.
    3. M. Parouty & H. Le & D. Krooshof & M. Postma, 2014. "Differential Time Preferences for Money and Quality of Life," PharmacoEconomics, Springer, vol. 32(4), pages 411-419, April.
    4. Klaus Abbink & Heike Hennig-Schmidt, 2006. "Neutral versus loaded instructions in a bribery experiment," Experimental Economics, Springer;Economic Science Association, vol. 9(2), pages 103-121, June.
    5. Lazaro, Angelina & Barberan, Ramon & Rubio, Encarnacion, 2002. "The discounted utility model and social preferences:: Some alternative formulations to conventional discounting," Journal of Economic Psychology, Elsevier, vol. 23(3), pages 317-337, June.
    6. Andrea M. Leiter & Gerald J. Pruckner, 2014. "Timing Effects In Health Valuations," Health Economics, John Wiley & Sons, Ltd., vol. 23(6), pages 743-750, June.
    7. Lydia Chikumbi & Milan Scasny, "undated". "Does ‘price framing’ influence empirical estimates in Discrete Choice Experiments: The case study for the South African wine industry," Working Papers 878, Economic Research Southern Africa.
    8. W. Kip Viscusi & Joel Huber, 2006. "Hyperbolic Discounting of Public Goods," NBER Working Papers 11935, National Bureau of Economic Research, Inc.

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