Health Econ
posted by farah .
The probability of death from running a red light is 15%. People who run the red light do not want to lose the 2 minutes where they have to wait for the light to turn green again. Assume the average salary is $25 an hour. Compute the value of life using the JonesLee approach.

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http://search.yahoo.com/search?fr=mcafee&p=JonesLee+approasch+to+the+value+o+f+life
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