Burri, Susanne (2020) The option value of life. Economics and Philosophy. ISSN 0266-2671
Text (The Option Value of Life)
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Abstract
This paper argues that under conditions of uncertainty, there is frequently a positive option value to staying alive when compared to the alternative of dying right away. This value can make it prudentially rational for you to stay alive even if it appears highly unlikely that you have a bright future ahead of you. Drawing on the real options approach to investment analysis (see e.g. Dixit and Pindyck, 1994), the paper explores the conditions under which there is a positive option value to staying alive, and it draws out important implications for the problems of suicide and euthanasia.
Item Type: | Article |
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Official URL: | https://www.cambridge.org/core/journals/economics-... |
Additional Information: | © 2019 Cambridge University Press |
Divisions: | Philosophy, Logic and Scientific Method |
Subjects: | B Philosophy. Psychology. Religion > B Philosophy (General) |
Date Deposited: | 19 Dec 2019 13:48 |
Last Modified: | 06 Dec 2024 21:33 |
URI: | http://eprints.lse.ac.uk/id/eprint/102958 |
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