| Article ID: | iaor19911649 |
| Country: | United States |
| Volume: | 38 |
| Issue: | 5 |
| Start Page Number: | 815 |
| End Page Number: | 819 |
| Publication Date: | Sep 1990 |
| Journal: | Operations Research |
| Authors: | Bordley Robert F. |
There are many ways to assess the benefits and costs of risk-reduction policies. This paper shows that discounted longevity as a measure of benefits and the negative of net output as a measure of costs can be deduced from the Shepard and Zeckhauser utility-maximization model.