Value of Statistical Life
From EUROCONTROL ATM Lexicon
| Link | Semantic Value |
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| Term | Value of Statistical Life |
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| Synonyms |
spelling variant: value of a statistical life |
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Abbreviation
VOSL
Definition
the monetary value of a (small and similar among the population) mortality risk reduction that would prevent one statistical death
Definition Source
The Value of a Statistical Life, H. Anderson and N. Treich, Ecole d’économie de Toulouse, February 2009 [1]
Note
Lexicon Release
Lexicon Release 2015.2
